Job growth plunged in October with just 12,000 jobs being created, although the full impact of the hurricanes can’t be known with certainty. Job growth was depressed in October due to the hurricanes but the revisions to August and September weren’t weather related. August was revised down by 81,000, from +159,000 to +78,000, and the change for September was revised down by 31,000, from +254,000 to +223,000. In total the revisions subtracted -27% from the initial Headlines that suggested more strength. The revisions continue the trend of downward revisions in 2024. From January through...
