02 Nov 2012 Economy Holding Its Own
Posted at 14:32h in The Friday BriefToday’s much-hyped jobs report does little to help either candidate’s 11th hour election message. From the recovering perspective, job growth accelerated in October as the number of new hires increased by a seasonally-adjusted 171,000 people. But from the sluggish perspective, the unemployment rate rose from 7.8% to 7.9% in October. More people re-entered the job market than new jobs were available to offset. Today’s stock market is down, ceding some of yesterday’s 1.1% gain on worsening damage from Hurricane Sandy, some poor earnings reports, and an election too-close-to-call; in short, uncertainty remains.