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Wednesday, October 31, 2012

Labor Department Announced Unemployment Report Will Be On Time Friday

By Susan Duclos

Despite concerns about the Labor Department delaying the last official unemployment report due to Hurricane Sandy, the Labor Department now says the report will be issued on time,  on Friday,  November 2, 2012 at 8:30am.

The last report showed unemployment at 7.8 percent, exactly where it was when Obama took office in January 2009. The U6 which is total unemployment, underemployment and marginally attached workers is at 14.7 percent, it was 14.2 percent when Obama took office.

With the election just six days away, the unemployment report is one factor which is indicative economic health and this will be the last chance before the election for voters who have not already cast their vote, to factor the unemployment report into their final decision.