With four days to go before Election Day, all eyes were on this morning’s employment report.

The unemployment rate increased by one-tenth of one percentage point, from 7.8% to 7.9%.

171,000 non-farm jobs were  added, better than expected.

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August and September jobs numbers revised upward:

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Improvement on the construction front:

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Long-term unemployment remains a problem:

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Labor-force participation is increasing:

Then again…

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Bottom line: Unemployment remains stubbornly high. Although this was a modestly positive report,  the fundamentals are still weak and the recovery is slow. We doubt this report is going change anyone’s mind about whom to vote for on Tuesday.

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