**Boeing Strike Enters Critical Stage as Economic Impact Intensifies**

The ongoing strike by more than 30,000 members of the International Association of Machinists (IAM) is beginning to take a substantial toll on the economy. Concerns are rising that the prolonged disruption could negatively affect the November jobs report. The walkout has also led to Boeing-initiated furloughs and has raised worries about potential consequences for Boeing's supply chain.

The union confirmed on Friday that negotiations have resumed with Boeing to resolve the impasse. "We want to inform you that your Union Negotiating Committee and Boeing will meet with the Federal Mediation and Conciliation Services (FMCS) to continue mediated negotiations on Monday, October 7, 2024, at 9 AM," the union communicated to its members.

The current deadlock in negotiations hinges on a few percentage points in wage increases. Initially, the union demanded a 40% raise for its members. Boeing countered with a 25% raise, which led to the strike when the union rejected the offer. Subsequently, Boeing proposed a "best and final" offer of a 30% raise, which was also turned down by the union.

Late last month, both parties reconvened at the bargaining table, but discussions stalled, particularly over the issue of reviving Boeing's pension plans. The financial strain of the strike is significant for both sides. Boeing recently cut off striking workers from their company insurance plans and faces an estimated daily cash burn of $50 million until a resolution is found and workers can return to the factory.

As of now, Boeing has not responded to requests for comments on the ongoing situation.