Economists, current Minister of Labor. Reaction to October employment data: Morning Brief

Today is the first Friday of the month, so you know what that means – Work Day. This was reported by the US Bureau of Labor Statistics. The US economy added 12,000 jobs in October, well below economists’ forecasts for 100,000 new nonfarm payrolls. These workforce indicators and the data collection process were greatly impacted by the recent Hurricanes Milton and Helen, as well as ongoing labor strikes.

Morning briefing presenters Shauna Smith And Brad Smith talk to a range of economists and Wall Street experts about the latest economic data.

RSM Chief Economist Joe Brusuelas and Charles Schwab Chief Bond Strategist Katie Jones join the program to give your initial reaction to job vacancy data and how the Federal Reserve is expected to act at its November meeting next week. Mizuho Securities US Chief Economist Stephen Ricciuto also joins the program to talk about why he thinks the central bank should keep interest rates where they are.

Acting U.S. Labor Secretary Julie Su confirms that the labor market is “not weak” despite the October numbers in an interview with Yahoo Finance Jennifer Schonberger.

Intel (INTC) posted mixed third-quarter results on Thursday, showing a quarterly adjusted loss of $0.46 per share while revenue beat analysts’ estimates. The Morning Brief invites KeyBanc Capital Markets analyst John Wine to talk more about Intel performance and what lies ahead for a semiconductor company.

For more expert opinion and analysis on the latest market developments, read more from Morning Brief. Here.

Other top stocks on Yahoo Finance include Boeing (bachelor), Chevron (CVX) and Exxon Mobil (HOM) and crude oil prices (CL=F, BZ=F)

This post was written by Luke Carberry Maughan.