New Jobs Report Shows Steady Hiring

But unemployment rate can still hurt Obama

An employment report to be released by the government Friday will likely show that companies are hiring steadily but cautiously. Economists predict that employers added 121,000 jobs in October - up from last month but below the average monthly goal of 146,000. However, unemployment still remains high. Analysts think the unemployment rate rose to 7.9 percent from 7.8 percent in September. Any increase in the rate would mean that President Barack Obama would face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. (AP)

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