Boeing's machinist strike is expected to affect Friday’s U.S. jobs report the last employment data before the November 5th presidential election and next week's Federal Reserve meeting. Economists predict a 100,000 job gain for October, but factors like the Boeing strike and recent hurricanes could reduce the tally by at least 50,000 jobs. Boeing faces additional complications as it plans to reduce its global workforce by 10%, impacting around 17,000 jobs, with layoffs anticipated mid-November.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Boeing's machinist strike is expected to affect Friday's U.S. jobs report, the last
00:06employment data before the November 5th presidential election, and next week's Federal Reserve
00:11meeting.
00:12Economists predict an 100,000 job gain for October, but factors like the Boeing strike
00:16and recent hurricanes could reduce the tally by at least 50,000 jobs.
00:21Boeing faces additional complications as it plans to reduce its global workforce by 10%,
00:26impacting around 17,000 jobs, with layoffs anticipated mid-November.
00:30For all things money, visit Benzinga.com slash GSTV.