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.