Jobless Rate Likely Edged Up In October, Job Growth Was Likely Modest
The last major financial report prior to Election Day is due at 8:30 a.m. ET and economists state we ought to expect to hear that the unemployment rate ticked up to 7. 9 percent in October from September's approximated 7. 8 percent and that payrolls grew by simply 125,000 jobs. Whatever the Bureau of Labor Statistics states, the news is sure to be a hot topic on the campaign trail and among political pundits. As you've undoubtedly heard numerous times:. -- Republican presidential nominee Mitt Romney states President Obama's financial policies have not done enough to spur job growth and reduce joblessness. -- The president has been touting the slow job growth and gradual decline in joblessness given that the jobless rate's recent peak of 10 percent in October 2009. He states they're signs the economy is on the right track.
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Jobless Rate Likely Edged Up In October, Job Growth Was Likely Modest
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The last major economic report before Election Day is due at 8:30 a.m. ET and economists say we should expect to hear that the unemployment rate ticked up to 7.9 percent in October from September's estimated 7.8 percent and that payrolls grew by just 125,000 jobs.
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