News about the labor market in the USA confirm that in October there is a noticeable slowdown in the pace of job growth to the lowest level since the end of 2020. This occurred due to the effects of hurricanes in the southeastern part of the country.
This situation is reflected in the new jobs created in October, and in the overall employment indicators in the country. Particularly strong negative impacts of the hurricanes were felt in sectors related to services and tourism, where most organizations reported a slowdown in growth and even a reduction in the number of employees.
"The American economy continues to seek balance after a series of recent hurricanes that seriously affected some states," noted economist John Smith. "However, according to forecasts, further job growth is expected in the coming months, depending on how seasonal factors reshape the situation."
