The US labor market added far fewer jobs than expected in October as weather disruptions and worker strikes weighed on the labor market.

Data from the Bureau of Labor Statistics released Friday showed the labor market added 12,000 payrolls in October, less additions than the 100,000 expected by economists.

Meanwhile, the unemployment rate held steady at 4.1%. October job additions came in far lower than the revised 223,000 added in September. Monthly job additions for the August and September were also revised lower by a combined 112,000.

"Ignore that top line [job additions], look at that 4.1% and just get on with it," Joe Brusuelas, chief economist for RSM, told Yahoo Finance. He added, "this is all noise."

Economists warned ahead of Friday's release that recent hurricanes and a strike by Boeing (BA) workers weigh on the labor market data for October. The BLS confirmed that was the case in Friday's release.

"It is likely that payroll employment estimates in some industries were affected by the hurricanes," The BLS wrote in the release. "However, it is not possible to quantify the net effect on the over-the-month change in national employment, hours, or earnings estimates because the establishment survey is not designed to isolate effects from extreme weather events. The was no discernible effect on the national unemployment rate from the household survey."

The BLS added that manufacturing jobs declined by 46,000 in October that was "largely due to strike activity."

Wage growth, an important measure for gauging inflation pressures, rose to 4.1% year-over-year, from a 4% annual gain in September. On a monthly basis, wages increased 0.4%, compared to a 0.3% gain in September.

Also in Friday’s report, the labor force participation fell to 62.6% from 62.7%.

The report is set to be the last major economic release before the Federal Reserve's next policy decision on Nov. 7. As of Thursday, markets were pricing in a roughly 95% chance that the Federal Reserve cuts interest rates by 25 basis points next week, per the CME FedWatch Tool.

Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.

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