Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

Jobs and the election

Friday, November 02, 2012 - 01:52

Nov. 2 - The latest jobs report offers a more positive spin for job hunters - is it a game changer in the days ahead of the presidential election? Jill Bennett reports.

▲ Hide Transcript

View Transcript

TV AND WEB RESTRICTIONS~**NO ACCESS USA/CNN/AOL/YAHOO/WIRELESS ON OBAMA/ROMNEY FOOTAGE** Days ahead of the presidential election President Obama gets an 11th hour boost on news U.S. employers stepped up hiring in October. Non-farm payrolls increased by 171,000 last month while the previous two months had combined upward revisions of 84,000. A separate report shows the unemployment rate rose slightly to 7.9 percent as more job hunters stepped out looking for work. Cary Leahey, Decision Economics: SOUNDBITE: CARY LEAHEY, CHIEF U.S. ECONOMIST, DECISION ECONOMICS (ENGLISH) SAYING: "It makes you feel pretty good to say that 60 days ago when you were afraid you might unravel to a double dip you actually increase the pace of job creation by a hundred thousand workers to 170,000, while it's not a great pace it is certainly reassuring that you at least build up some head of steam going into one of the biggest natural disasters particularly on the East Coast, an election and then a fiscal cliff. " There were job gains almost across the board including manufacturing, business services, leisure and hospitality and retail while government jobs fell by 13,000. Temporary jobs, often seen as an early indicator for future permanent hires, rebounded from back-to-back losses. But if history is any indicator the numbers may not be enough to sway the election on Tuesday. SOUNDBITE: CARY LEAHEY, CHIEF U.S. ECONOMIST, DECISION ECONOMICS (ENGLISH) SAYING: "Most people that study the economics line behind political outcomes for a living say that the data through about middle of July really tells the tune and anything you learn after that they really can't squeeze into their statistical model so this isn't going to be a game changer. However it's certainly going to put a smile on Mr. Obama's face and a frown on Mr. Romney's face." For a true economic rebound, many economists say employers need to create at least 250,000 jobs per month to absorb the 12.3 million unemployed. Jill Bennett, Reuters

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Jobs and the election

Friday, November 02, 2012 - 01:52

Editors' Picks »

Business »

Technology »

Obama calls on Congress to tackle cyber security Obama calls on Congress to tackle cyber...

Wed, 21 Jan, 2015 - (0:55)

Smelly rain unraveled by scientists Smelly rain unraveled by scientists

Tue, 20 Jan, 2015 - (1:06)

Life-saving app detects car accidents Life-saving app detects car accidents

Tue, 20 Jan, 2015 - (2:07)

3D laser mapping 'weighs' trees 3D laser mapping 'weighs' trees

Wed, 14 Jan, 2015 - (1:47)

Eucalyptus study could be key to koala survival, says researcher Eucalyptus study could be key to koala...

Sun, 11 Jan, 2015 - (2:33)

BMW goes solar at CES BMW goes solar at CES

Thu, 08 Jan, 2015 - (2:16)

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Pope Francis - the musical Pope Francis - the musical

Sat, 17 Jan, 2015 - (1:35)

Google partners with auto suppliers on self-driving car Google partners with auto suppliers on...

Thu, 15 Jan, 2015 - (1:32)

Dateline Asia »

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Record slowdown in China's economic growth Record slowdown in China's economic growth

Tue, 20 Jan, 2015 - (1:52)

North Korean defector changes his story North Korean defector changes his story

Mon, 19 Jan, 2015 - (1:03)

China stocks hit by credit crackdown China stocks hit by credit crackdown

Mon, 19 Jan, 2015 - (1:16)

Xiaomi smartphones look to go global Xiaomi smartphones look to go global

Mon, 19 Jan, 2015 - (1:54)

Clamping down on China's toxic toys Clamping down on China's toxic toys

Fri, 16 Jan, 2015 - (1:11)

In China, a new a challenge to Apple In China, a new a challenge to Apple

Fri, 16 Jan, 2015 - (1:09)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)