Good news for an American economy that needs something positive. According to the U.S. Labor Department, the American economy had the biggest job creation that it’s had in five months during October. Economists were cautiously optimistic with this news. As Carl Riccadonna, an economist at Deutsche Bank said, “This is not a gangbusters report, but it is very important. It shows us that the momentum in employment is building.”
In a White House statement, President Barack Obama said that the jobs report is “encouraging news” and he encouraged both Democrats and Republicans to propose more ways to boost the economy.