October Jobs Report Still On Tap For Friday

By Dunstan Prial Politics FOXBusiness

Job seekers visit an employment center in San Francisco, California in this November 20, 2009 file photo. U.S. employers cut only 11,000 jobs last month, the best showing in nearly two years, and the jobless rate edged down to 10 percent, a strong ... suggestion the jobs market was edging towards health, according to a U.S. Labor Department report issued on December 4, 2009. Picture taken November 20, 2009. REUTERS/Robert Galbraith (UNITED STATES BUSINESS EMPLOYMENT) (Reuters)

The U.S. Labor Department has no plans yet to postpone the release of the October jobs report due out Friday in the wake of Hurricane Sandy.

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A spokesman for the agency said in a statement to FOXBusiness: “We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time.”

The October jobs report could have a significant impact on the Nov. 6 presidential election. A positive report would undoubtedly be hailed by President Obama as proof that his policies are working and justification for his re-election. A disappointing report would add fuel to Republican challenger Mitt Romney’s criticism of the president’s economic policies.

Federal government offices were closed Monday and Tuesday as Hurricane Sandy barreled down on the Northeast carrying winds approaching 100 miles per hour. In addition to the gusting winds, the storm could cause widespread flooding in low-lying coastal areas.

Hundreds of thousands of people were evacuated over the weekend from regions likely to be hard hit by the storm.

U.S. stock markets were closed Monday due to the storm and a handful of high-profile companies such as Pfizer (NYSE: PFE) have postponed earnings calls until later in the week.