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cover of episode Storms, Strikes and Startups

Storms, Strikes and Startups

2024/11/1
logo of podcast Moody's Talks - Inside Economics

Moody's Talks - Inside Economics

Chapters

The October employment report was weak due to the impact of strikes, hurricanes, and a short data collection period, which collectively reduced the headline jobs figure by at least 100,000 jobs.
  • Boeing strike and hurricanes in Georgia and Florida significantly impacted the job numbers.
  • Manufacturing and temp help services saw the most significant declines.
  • The short collection period and low response rate added to the volatility of the report.

Shownotes Transcript

Dante joins the podcast to discuss the October employment report. The impact of recent strikes and hurricanes weighed on the headline jobs figure, but everyone agrees that underlying job growth remains strong. Cris and Mark debate the reasons why productivity growth in the U.S. has outpaced the rest of the world, but Dante remains skeptical that recent productivity success is sustainable.

Guest: Dante DeAntonio, Se nior Director of Economic Research, Moody's Analytics

Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s Analytics

Follow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn