Friday, October 5, 2012

The Stakes For Today's Jobs Report Are Incredibly High – Here's What You Need To Know

At 8:30 AM ET today, the Bureau of Labor Statistics will release the change in nonfarm payrolls for the month of September.

A consensus survey of economists polled by Bloomberg revealed an expectation of 115K new jobs added last month, up from 96K last month.

Mitt Romney generated some much-needed momentum in the 2012 presidential race this week, owing to a strong performance in Wednesday night's presidential debate with incumbent candidate Barack Obama.

A stronger than expected reading on the health of the labor force from Friday's NFP report has the potential to stymie that momentum at a key point in the race, a mere month ahead of the election.

On the other hand, a bad reading could give Romney some more ammo to use against Obama in the final month of the campaign.

The figures will be the latest read on employment trends in what has been a disappointing 2012 so far on the labor front, which can be seen in the chart below:

NFP chart

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