U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's 'Big Three' car makers depressed manufacturing payrolls, while wage inflation cooled, pointing to an easing in labor market conditions.
FILE PHOTO: A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder/File PhotoWASHINGTON, Nov 3 - U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers union against Detroit's "Big Three" car makers depressed manufacturing payrolls, while wage inflation cooled, pointing to an easing in labor market conditions.
Economists polled by Reuters had forecast payrolls rising 180,000. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population.
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