The U.S. Labor Department will wait to gauge the impact ofHurricane Sandy before determining the status of the October jobsreport, the last before next week's presidential election.
The monthly employment data are scheduled to be released Nov. 2at 8:30 a.m. in Washington. The median forecasts of economistssurveyed by Bloomberg call for payrolls to rise by 125,000 workersin October and for the jobless rate to increase to 7.9 percent from7.8 percent.
“We will assess the situation when the weather emergency is overand notify the press and public of any changes at that time,” LaborDepartment spokesman Gary Steinberg said in an e- mailed statementtoday.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
