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Thank You, Hurricanes
The US economy added virtually no jobs in October on net, according to data which the BLS described as hopelessly distorted, albeit not in those words.
Officially, the headline NFP print was 12,000 for last month. That was below estimates. Consensus was 100,000, but I'm not sure that's especially meaningful here. The range was -10,000 (that's negative 10,000) to 180,000.
The release came with lengthy notes about hurricanes Helene and Milton, which "might" (just maybe) have impacted the numbers
I see some debate about how much the October employment data was weather impacted. What I don’t understand is, can’t this be determined by comparing data to weather and job type by region?