CES Strike Report: Strikes will Negatively Impact October Employment

Employment in October will be negatively impacted by Hurricane Milton and the Boeing strike.

Here is the CES Strike report for October released on Friday.

This shows a total of 44,000 workers on strike in October.

The impact of Hurricane Milton is less clear.  Fed Governor Waller recently commented: 

[U]nfortunately, it won't be easy to interpret the October jobs report to be released just before the next FOMC meeting. This report will most likely show a significant but temporary loss of jobs from the two recent hurricanes and the strike at Boeing. I expect these factors may reduce employment growth by more than 100,000 this month, and there may be a small effect on the unemployment rate, but I'm not sure it will be that visible.