The Biden-Harris Administration had promised to create one million new manufacturing jobs in 2024, but 10 months of data later, and it seems not a single position was created. The BLS admitted that manufacturing jobs fell by 577,000 since March 2022. In October, the sector loss 49,000, largely attributed to the Boeing strike. Unemployment stands at 4.1%, while the measure of discouraged and underemployed workers held steady at 7.7%. Per usual, the Bureau of Labor and Statistics revised their calculations for previous months. August’s growth whittled down to 78,000 and September’s calculation came in at 223,000, marking a total decline of 112,000 reported jobs in that two-month period. https://www.armstrongeconomics.com/armstrongeconomics101/economics/the-october-jobs-report-usa/