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How to read the Sandy-impacted jobs report
Marketwatch ^ | Dec 6 2012 | Jeffrey Bartash

Posted on 12/06/2012 7:28:55 PM PST by plain talk

The highly anticipated monthly U.S. jobs report is rarely treated as minor sideshow, but November is a different story.

Economists believe the disruption caused by Hurricane Sandy slashed net job growth in November by more than half compared to the prior month, making it virtually impossible to figure out whether U.S. hiring trends got better or worse. They say it might take another month or two of jobs data before they can backfill and figure out how much the storm hurt hiring.

“We won’t have a sense of what underlying job growth is until we get the December number,” said senior economist Gus Faucher at PNC Financial Services. “We know Sandy is going to have a negative impact. We just don’t know what that is.”

(Excerpt) Read more at marketwatch.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS:
Here we go ... This will be the spin / rationale for the increase in the unemployment rate. Of course it is not the election of Obama. Of course not. It is a hurricane.
1 posted on 12/06/2012 7:29:01 PM PST by plain talk
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To: plain talk

Oh, of COURSE it’ll be ANYTHING other than Obamugabe and his asswipe policies.


2 posted on 12/06/2012 7:31:48 PM PST by SoFloFreeper
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To: plain talk

The Soviet Union had bad wheat harvests from about 1917 to about 1989. Their weather was just bad. But it eventually got better.


3 posted on 12/06/2012 7:50:08 PM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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To: plain talk

The rats can politicize anything, can’t they? Looks like Obozo’s new mantra will be “blame Sandy, then Bush”


4 posted on 12/06/2012 7:53:06 PM PST by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: plain talk

If Obama is such a great president, how come his policies never improve anything?


5 posted on 12/06/2012 8:13:23 PM PST by fhayek
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To: fhayek

So the answer is: Obama is a great hoax.


6 posted on 12/06/2012 8:42:39 PM PST by granada
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To: Some Fat Guy in L.A.

>> The rats can politicize anything, can’t they?

The rats cannot politicize squat unless its shills in Leftwing media are willing to promote it.

The Leftwing media is largely shaping the direction of the Country. It’s extremely important that everyone understands this.


7 posted on 12/06/2012 9:05:36 PM PST by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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