The Monthly Unemployment Report Is Delayed By Hurricane Sandy
It appears that the monthly jobs report from the Labor Department that's due out Friday (November 2nd) will be delayed because of Hurricane Sandy. The closely watched report on the unemployment rate and number of jobs created in the previous month will be the last piece of economic news to come before the Presidential election on Tuesday the 6th.
Because Sandy has closed government offices and public transportation around Washington, Bureau of Labor Statistics workers may not be able to get their analysis of the numbers done in time for Friday's planned release. Should we really expect any big surprises in the report? The unemployment rate has recently fallen to 7.8 percent and I expect it to stay about where it is or slightly lower. Yes it's slow growth but I think it's fair to say that jobs growth will continue and unemployment rates will continue to fall. If you're looking for a job, check out this report.