Economists: Jobs Data Won't Affect Election

    LIMA, OH - NOVEMBER 02:  Supporters cheer for U.S. President Barack Obama as he addresses a campaign rally at Lima Senior High School November 2, 2012 in Lima, Ohio. With four days left in the general election, Obama and the Republican presidential nominee, former Massachusetts Gov. Mitt Romney, are racing from swing-state to swing-state in an attempt to change voters' minds at the last minute.  (Photo by Chip Somodevilla/Getty Images)

    Chip Somodevilla / Getty Images

    Even though economic data released Friday for the month of October showed an increase in 171,000 new jobs, economists said on Friday that the data are unlikely to have any impact on Tuesday's presidential election. Obama supporters have hoped that the news will aid the incumbent's campaign, which has been struggling with the economic woes of the past few years, in its final days. But according to a poll of 45 economists, the modest increases will have little to no effect on the election, with 24 saying impact would be "neutral" and another 15 saying it would be "insignificant." On Friday, the Bureau of Labor Statistics said that U.S. payroll grew in October, although the unemployment rate ticked up slightly to 7.9 percent.

    Read it at Reuters