Salient to Investors:
Paul Dales at Capital Economics said today’s increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill.
John Ryding at RDQ Economics said if we can produce this kind of job growth with all the uncertainty, imagine if we cleared up tax issues how much we could do better in 2013.
The National Employment Law Project said that the majority of jobs lost in the downturn were middle-income jobs, while the majority of jobs created since then had been lower-wage ones.
Read the full article at http://www.nytimes.com/2012/11/03/business/economy/us-added-171000-jobs-in-october.html?nl=todaysheadlines&emc=edit_th_20121103