|

Will fairly good jobs report for October help Obama?

This morning’s jobs REPORT from the Bureau of Labor Statistics was better than expected, which raises the question of whether it will have an influence on next week’s presidential election.

The unemployment rate ticked upward by one-tenth of one percent, but that was mainly because more people entered the jobs market, an indication of more public confidence that work is available.

Every major employment sector, except for government jobs, saw an increase last month.

The BLS also upwardly revised its jobs numbers for the two previous months.

At this writing, financial markets seem likely to open  higher this morning in reaction to the jobs picture.

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>