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
Business Transition Simplified

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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