Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Jobs surprise ahead of election

Friday, 02 Nov, 2012 - 01:46

Nov. 2 - Summary of today's business headlines: Employers added 171,000 jobs in October; Wall Street ends with a thud after a storm-shortened week; the iPad Mini debuts worldwide to less fanfare. Jill Bennett reports.

▲ Hide Transcript

View Transcript

PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL A fresh glimpse of the labor market just days ahead of the presidential election gives the Obama Team some relief. U.S. employers added a greater- than-expected 171,000 jobs in October, while a separate Labor Department survey shows the unemployment rate ticked higher to 7.9 percent as more job hunters hit the pavement. Fresh hiring was seen in almost all sectors, though the government shed 13,000 jobs. Robert Brusca, Chief Economist, Fact and Opinion Economics: SOUNDBITE: ROBERT BRUSCA, CHIEF ECONOMIST, FACT AND OPINION ECONOMICS (ENGLISH) SAYING: "We got more job growth than expected. We got some substantial revisions. We got our second month of very large job growth out of the household report. But average hourly earnings declined and the workweek shortened and those are major flaws in the report." Temporary hiring, typically a strong barometer of future permanent hiring, rebounded in October. Despite the stronger-than-expected jobs report - stocks on Wall Street fell in a volatile session as energy and materials shares fell on earnings news in the sectors. The trading week was shortened by a historic two-day market closure on Monday and Tuesday, as Hurricane Sandy devastated the Northeast. By the close on Friday: The Dow, Standard & Poor's 500 and Nasdaq all fell around 1 percent on the session. And for the week: The Dow and Nasdaq posted slight losses. In the overseas action: Modest increases for the DAX, CAC and FTSE. Hurricane Sandy held up some shipments of the latest gotta-have-it-gadget from Apple. The iPad mini made its worldwide debut Friday, with some shorter lines than usual. In the Northeast, Sandy may be to blame as many residents were caught in storm ravaged areas, while the higher price tag on the mini tablet may have kept fans in other areas at home.

Jobs surprise ahead of election

Friday, 02 Nov, 2012 - 01:46

Editors' Picks »

Oddly Enough »

Nowhere to hide for this horror film Nowhere to hide for this horror film

Mon, 15 Sep, 2014 - (0:48)

Mexico dishes up creepy crawly fare Mexico dishes up creepy crawly fare

Sun, 14 Sep, 2014 - (1:31)

Lion cubs the pride of San Diego Zoo Lion cubs the pride of San Diego Zoo

Sat, 13 Sep, 2014 - (0:46)

Holy cow, get me outta here! Holy cow, get me outta here!

Tue, 09 Sep, 2014 - (0:21)

Enough tacos to feed a village Enough tacos to feed a village

Mon, 08 Sep, 2014 - (0:46)

Giant rabbit just laying about in Taiwan Giant rabbit just laying about in Taiwan

Mon, 08 Sep, 2014 - (1:07)

Reuters Investigates »

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 - (13:21)

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

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

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

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

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

Burning Together Burning Together

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

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)