Campaign Trail: New Jobs Numbers

Friday, November 2, 2012 - 10:39am

Latest report shows increase in hiring, but steady unemployment rate.

President Obama and former Governor Mitt Romney have differing views on the latest jobs report.

The nation's unemployment rate is now 7.9 percent, up slightly from last month, even though 171,000 new jobs were created in october.

The jobs report also showed another 34,000 not originally reported in September.

"This is a great report," says Moody's Analytics economist Mark Zandi.

Diane Swonk of Mesirow Financial agrees.

"It is consistent with some of the consumer confidence numbers but it also illustrates the break we've seen. Consumers have been saying we've got more jobs, we're feeling better about the economy," she explains.

Both candidates land in Ohio today as they kick off a final spring to Election Day.

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