U.S. October Jobs Report

By: Ian Campbell | Fri, Nov 2, 2012
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The U.S. Labor Department reported this morning that the U.S. economy added 171,000 jobs in October, but that the unemployment rate increased to 7.9% from 7.8%.

One has to wonder:

I suspect Mr. Obama breathed a large sigh of relief when he learned - I suspect likely before the data was made public - that the reported unemployment rate statistic was going come in at under 8.0%. Expect to hear Mr. Romney raise the same point over the next three days - although perhaps not quite as gently.

There will be more detailed information and analysis on this in the next days, and I will update this commentary in Monday's Newsletter.

Topical Reference: Economy adds 171,000 jobs in October, from The Boston Herald, from the Associated Press, November 1, 2012 - reading time 2 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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