One other oddity about the recent report was that it reported no material impact from Hurricane Sandy. Given the number of businesses that have been closed by the storm's damage, this may seem difficult to believe. However, the muted impact might be explained by the fact that people who miss some time, but not the entire pay period, due to workplace disruptions are still considered employed. It will be interesting to view the regional and state employment figures, due to be released December 21, for more insights on how the storm may have impacted employment.For now, November's employment numbers may not look bad on the surface, but they suggest a loss of the momentum the economy had appeared to be gathering. This suddenly makes the economic outlook for 2013 a little less encouraging.
Weak Job Growth Darkens Outlook For Savers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.