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CNN CNN Newsroom July 7, 2024



u.s. economy added some 261,000 jobs in october, the unemployment rate ticked up slightly to 3.7%. that jobs figure lower than the month before, however, still higher than economists had forecast. cnn chief business correspondent christine romans joins us to break down the numbers. you always say wisely the trend is your friend. so what do these latest numbers show us about the trend in the job market and is this what the fed was looking for? so first i would call this resilient but slowing the rate of job growth here. 261,000 net new jobs added, you know, that is a strong showing in any economy, but the trend is important here. we re averaging about 400 and change a month this year and this is the slowest pace of job creation in almost two years. so still strong, still resilient, but starting to slow here. the government noting that that unemployment rate has been stuck in this 3.5 to 3.7% range since march. it s still stuck in that range, even after six months now o ....

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CNN CNN Newsroom June 4, 2024 13:16:00

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