Hurricane Sandy's impact on the jobs report
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Experts expect that Friday's jobs report will be weak, and much of the blame may lie with Hurricane Sandy.
From the Los Angeles Times:
In a report ahead of Friday's government release of monthly employment statistics, the payroll processor Automatic Data Processing Inc. said the U.S. economy added 118,000 private-sector jobs in November.
Although that's down from the 158,000 new private-sector jobs that ADP estimated for October, that growth didn't fall more sharply lends hope that the severe storms that wreaked havoc in the Northeast in late October didn't slam the employment market as hard as some people had feared.
We'll look at how much the storm affected jobs in the country, and whether Sandy is having a lingering impact on the economy.
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