Boeing Strike Hits U.S. Jobs Report Ahead of Election and Fed Meeting, Potentially Reducing October Payrolls

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.