Comment on U.S. Bureau of Labor Statistics Employment Situation Report: Ken Goldstein, Economist, The Conference Board
NEW YORK, Nov. 2, 2012 /PRNewswire/ --
More Job Strength Than Anticipated
In addition to upward revisions in August and September, the labor market continued to improve in October, generating 171,000 new jobs, providing a needed boost to recovering consumer sentiment and bolstering optimism for the upcoming holiday season. More demand might also counter business concern about adding to cost structures while profit margins are under pressure. If these concerns about maintaining revenue and profits are addressed by some rise in demand, we could see investment in both capital and human capital pick up heading into the new year.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
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