GE said Thursday it will release results for the third quarter on Friday Oct. 19 before the market opens with a webcast to follow.
CEO Jeff Immelt will host with other executives and it will be interesting to hear if he or other executives will discuss the U.S. Labor situation following former GE CEO Jack Welch’s recent criticisms of the report.
Immelt served as Obama’s Job Czar. GE’s report will also come out one day after the U.S. Bureau of Labor Statistics, which bears the brunt of Welch’s criticism, reports on weekly wages in the nation for the third quarter. One issue that has held back the economic recovery remains the paltry pace of wage growth in the nation.