October Job Report Far Below Expectations, Total Private Sector and Manufacturing Employment Drop, JQI Flat

October Job Report Far Below Expectations, Total Private Sector and Manufacturing Employment Drop, JQI Flat

The U.S. Private Sector Job Quality Index (JQI) is now 83.59, essentially flat with only a 0.01% increase compared to last month. Meanwhile, the overall October 2024 Jobs Report from the government’s Bureau of Labor Statistics showed only 12,000 jobs added in October.