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
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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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