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U.S. Labor Market Update – October 2024

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Key Takeaways

Job growth slowed substantially in October, but economists caution against emphasizing  the latest BLS data due to the impacts of recent strikes and weather-related events.

The upcoming election directly influences job seekers’ career decisions and employers’ hiring plans.

Optimism remains for post-election job growth as companies feel more confident about which investments and priorities to pursue.

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