Subscribe free to our newsletters via your
. Military Space News .




POLITICAL ECONOMY
US expects to release jobless data Friday as planned
by Staff Writers
Washington (AFP) Oct 29, 2012


The US Labor Department said Tuesday it expects to release its most recent unemployment data -- a key marker of the economy ahead of the November 6 election -- on schedule despite Hurricane Sandy.

"The employees at the Bureau of Labor Statistics are working hard to ensure the timely release of employment data on Friday, November 2," spokesman Carl Fillichio told AFP.

"It is our intention that Friday will be business as usual regarding the October Employment Situation Report."

Questions have been raised over whether the data can be completed because government offices in Washington were completely shut down Monday ahead of the landfall of Hurricane Sandy, and could remain shut Tuesday.

The update on the unemployment rate and the number of jobs created in October is hotly awaited as the last major data release before voters decide between incumbent Barack Obama and challenger Mitt Romney for the US presidency.

The high level of joblessness and the feeble growth of the economy remains the biggest challenge to Obama being reelected, with Romney assailing him on not having restored growth after the deep 2008-2009 recession.

In the report on September, 12.1 million people remained officially unemployed. The jobless rate slipped to 7.8 percent but only 114,000 new jobs were generated, barely enough to keep up with the natural growth of the working-age population.

Analysts say that the rate could tick up to 7.9 percent on Friday.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China's yuan currency hits fresh record high
Shanghai (AFP) Oct 26, 2012
China's currency hit a record high against the US dollar for the second straight day on Friday, amid US political pressure and growing confidence in the domestic economy, analysts said. The currency touched an intra-day high of 6.2380 to the dollar at the open, marking the highest level since 1994 when the country launched its modern foreign exchange market. Analysts said China may be al ... read more


POLITICAL ECONOMY
Integrated Missile Defense System Test Sees Multiple Targets Engaged

U.S. Air Force Awards Lockheed Martin Initial Contract for Next Set of Missile Warning Satellites

Patriot, SM-2 engage ballistic and cruise missile targets in sophisticated test scenario

Biggest anti-missile drill for Israel, U.S

POLITICAL ECONOMY
Raytheon's Excalibur Ib demonstrates accuracy during flight tests

Syria rebels have US-made Stinger missiles: Russia

New TOW missile achieves 100th direct hit in latest testing

Lockheed Martin Introduces Advanced Air and Missile C2 System

POLITICAL ECONOMY
Israel doubts Iran has drone data: defence official

China speeds up the Dragon's Flight program

Iran has Israel drone data: defence official

Northrop Grumman Delivers New BACN-Equipped Global Hawk to USAF Ahead of Schedule

POLITICAL ECONOMY
Completion of FCSA Demonstrates Shift In Government Thinking for SATCOM Procurement

Raytheon awarded contract from US Army to produce and upgrade airborne radios

ONR to Dial Up Faster Data for the Marines

$15M order for Harris tactical radios

POLITICAL ECONOMY
Elbit To Supply Brazil Remote Controlled Weapon Stations

Northrop Grumman Employs FACE Standards to Bring Enhanced Avionics to the Warfighter

Lockheed Martin Demonstrates JAGM Dual-Mode Seeker in High-Speed Captive Flight Tests

Lockheed Martin Wins Contract To Increase Tactical Vehicle Safety With Autonomous Technology

POLITICAL ECONOMY
Panetta asks Congress to act on US defense budget

Russian defence ministry firm searched in fraud case

Putin slams dictation to Russia on arms trade

China leads rise in Asia military spending: study

POLITICAL ECONOMY
China blocks discussion of report on premier Wen

Being Pentagon chief had its downsides: Gates

Japan PM to boost coast security amid China row

China watches US democracy avidly, but without envy

POLITICAL ECONOMY
Strengthening fragile forests of carbon nanotubes for new MEMS applications

A 'nanoscale landscape' controls flow of surface electrons on a topological insulator

Nanotechnology helps scientists keep silver shiny

Scientists use molecular layers to study nanoscale heat transfer




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement