From Seekingalpha · · 40s
Global Payroll Growth Slows
Firms add fewer workers as order backlogs rise globally.
In brief
Firms add fewer workers as order backlogs rise globally. Global payroll growth slowed in October as companies balance fuller order books against economic uncertainty. Originally reported by Seekingalpha.
Global Payroll Growth
Worldwide PMI survey data showed global employment rising for a fourth straight month in October.
Technology Firms Lead
The strongest job gain continued to be reported in the US, where the October improvement was the second-largest since July 2022.
Order Backlogs Rise
The rise in employment has reflected the need for firms to address a steady build-up of backlogs of uncompleted orders.
In short
Global payroll growth slowed in October as companies balance fuller order books against economic uncertainty.
