Rosier Jobs Data Doesn't Mean Much

Those jobless numbers grabbing any headlines not reserved for Superstorm Sandy recovery efforts may be intriguing, but they’re not likely to prove much of a game changer. 

The Labor Department reported that the economy added 171,000 new jobs during the month of October – all of it coming from the private sector, as government employment rates continued to dwindle – and that the unemployment rate edged up to 7.9 percent as more workers re-entered the labor market in quest of a job.

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