Alan Krueger, chairman of President Obama's Council Of Economic Advisers, shares his thoughts on what the latest jobs report says about the state of the U.S. economic recovery.
The economy added 171,000 jobs last month and unemployment rate in October ticked up to 7.9 percent as more people entered the workforce to look for jobs. Obama and Romney economic advisers tell us what they see in the numbers.
The government's October jobs report is out this morning and the Bureau of Labor Statistics is reporting that the economy added 171,000 jobs last month and the unemployment rate ticked up to 7.9 percent.
The Labor Department releases its last employment report before the election today. The U.S. has added jobs for 24 consecutive months, but at a slow rate.
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Combined with last week's employment report, the claims data provides evidence of a slowly improving job market.