In some ways, the tragic events in the Northeast from Hurricane Sandy and discussions around the upcoming fiscal cliff are likely to overshadow this lackluster jobs report as it generally just showed things are improving, albeit slowly.
The gold market dropped nearly $20 an ounce shortly after the U.S. Non-Farm Payroll report was released on Friday. However, after digging a bit into the report investors in the yellow metal should find those fears without grounds.
The government has the right rockets at its disposal. Here are two of the biggest: It can hire more employees, and it can finance more infrastructure work. But our leaders aren't willing to fire those rockets.
People won't be voting for Obama or Romney based on an exact unemployment rate or number of jobs created each month, they'll be voting based on whether they feel better or worse off after four years of the current President.
For the Obama campaign, the May jobs number of 69,000 being created is extremely bad news at an extremely bad time. This moment is one of those signals that could begin to push swing voters over to Romney.