U.S. Hiring Slowed in October, in a Sign Economy is Cooling

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 3 November 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 3. U.S. employers added 150,000 jobs to the economy last month, signaling a cooling economy. Economics reporter David Harrison explains. Plus, national security reporter Vivian Salama has more on U.S. Secretary of State Antony Blinken’s visit to Israel. And on Sunday we will be a year away from the U.S. presidential election. White House reporter Ken Thomas explains how Americans are feeling about a potential rematch between President Joe Biden and former President Donald Trump. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get a better grip on the markets.
0:02.8	WSJ's Take On the Week is here to give you a look ahead to the most important events on
0:08.0	the economic and business calendar and what they mean for your money and investments.
0:13.2	Subscribe wherever you listen to podcast.
0:22.2	U.S. hiring slowed sharply in October, signaling the economy is cooling.
0:27.0	And U.S. Secretary of State Anthony Blinkin visits Israel seeking to ease the humanitarian
0:32.0	crisis in Gaza.
0:33.7	Plus, how Americans are feeling a year out from the 2024 election.
0:38.0	At this point, many voters look at this election more with a sense of dread than anything.
0:45.4	You find large number of voters who are just unhappy with both Biden and Trump's performances in office.
0:54.0	It's Friday, November 3rd.
0:55.6	I'm Ann Marie Fertoli for the Wall Street Journal.
0:57.8	This is the PM edition of What's News,
1:00.0	the top headlines and business stories
1:02.0	that moved the world today.
1:10.8	After a summer surge, the U.S. economy is cooling.
1:13.6	The latest sign of that is the October jobs report, which showed hiring slowed sharply.
1:18.1	The Labor Department said employers added 150,000 jobs, the smallest gain since June, and the unemployment rate ticked up a notch
1:24.7	from 3.8% to 3.9%.
1:27.9	Here now with more is Wall Street Journal Economics Reporter David Harrison.
1:31.9	So the labor market has been a driver of economic resiliency in
1:35.9	the US. Is it finally losing steam? Well that's the big question. Today's report
	...

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