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The Labor Department reported Friday the U.S. economy added 12,000 jobs in October, far fewer than expected.
Wall Street estimates for non-farm payroll job was in increase of 100,000, according to CNBC.
The unemployment rate for last month was 4.1%, unchanged from September, according to the department’s Bureau of Labor Statistics.
The bureau said the two recent hurricanes that hit the U.S. – on Sept. 29 and Oct. 6 – contributed to the low number of jobs added.
The job number was the lowest since December 2020, during the COVID-19 pandemic, according to NBC News.
The report was the last before Election Day on Tuesday.