COVID Reason • 812 implied HN points • 01 Nov 24
- Job losses in the private sector are alarming, with 28,000 jobs lost, especially in manufacturing and retail. This shows a real problem in the economy.
- Government jobs increased by 40,000, which may cover up serious issues in other job sectors. This is a sign the economy isn't as strong as it looks.
- The labor force is shrinking, with many not participating anymore and unemployment rising. This trend is not sustainable and needs urgent attention.