US jobs report shows slower hiring ahead of Election Day [Video]

The U.S. government released a new jobs report Friday, which showed employers are hiring at slower rates than expected.The final jobs report out before Election Day showed employers added just 12,000 jobs in October.Treasury Secretary Janet Yellen attributes the lower numbers to temporary disruptions.”We had significant strikes and two hurricanes, and data in the report shows that employment was depressed by these unusual events. So this is something very temporary,” Yellen said.She also highlighted positive aspects of the report, such as the fact that it shows a strong labor market with the unemployment rate near historic lows at 4.1%.Despite these indicators, many Americans remain concerned about the economy. A recent Gallup poll indicates that a majority of Americans feel worse off than they were four years ago. Bankrate analysis shows prices have increased by more than 20% since February 2020.Joel Griffith from The Heritage Foundation commented on the economic challenges …