The U.S. economy added 171,000 jobs last month, more jobs than economists expected last month, in a report that may benefit President Barack Obama’s hopes for re-election.
The numbers, which have been closely followed in political circles, showed unemployment rising to 7.9 percent from 7.8 percent last month, hitting the average estimate of Read More
Hurricane Sandy has scuttled campaign plans for President Barack Obama and his Republican challenger Mitt Romney off the campaign trail. Perhaps as interesting with regards to next Tuesday’s presidential election, the Department of Labor may delay the release of its October jobs report, according to The Wall Street Journal:
The latest buzz out of Washington is the jobs report may not be released on Friday as originally scheduled due to the severity of Hurricane Sandy. A Labor Department official says a final decision hasn’t been made yet.
The hurricane is unlikely to affect the headline jobs report, according to a FAQ published by the Bureau of Labor Statistics—”In order for sever weather conditions to reduce the estimate of payroll employment, employees have to be off work without pay for the entire pay period”—but a delay would be tracked closely nonetheless.