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Croall's progress report for July expresses great satisfaction, as well it might.
The jobs report for July, released on Friday, was a bit better than expected, but still grim.
"Next week, we'll file our monthly operating report for July and once again, our financial results will be strong.
The economic news — on growth, consumers, housing and manufacturing — was bad enough before the jobs report for July, released last Friday.
The employment report for July, showing that the economy had created a greater-than-expected 163,000 jobs, confirmed that the labor market was improving, albeit slowly.
The report from payrolls processor ADP came two days ahead of Friday's more important monthly government nonfarm payrolls report for July.
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On Friday, the government releases its employment report for March.
The most recent report, for September, puts it at 9.6 per cent.
The jobs report for June, released on July 8th, was shockingly weak.
The central bank's report for June came after a similar assessment for May.
Coming two months before Election Day, the employment report for August is a problem for President Obama.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com