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US hiring last month was likely held back by Sandy

December 5, 2012 RSS Feed Print

Another complicating fact is that Thanksgiving came earlier in November than usual this year. That might have led some retailers and restaurants to hire more holiday season staffers in November than is typical, Cummins said. Those jobs would add to last month's job gains.

All the cross-currents could make it hard to gauge the economy's underlying health from the November report.

"This is a particularly bad time for anybody to jump to any business or investment conclusions based on one number," said Jerry Webman, chief economist at OppenheimerFunds.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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