Posted on 11/07/2013 4:06:41 AM PST by John W
WASHINGTON (AP) — The jobs report for October due out Friday may be bleak. It might even be scary. The unemployment rate could jump by the most in three years. Hiring may slow from an already weak pace.
Don't panic.
The ugly figures will reflect the government's partial shutdown, which coincided with 16 days in October. The trends for the job market will likely reverse themselves in coming months.
"It's going to be a very messy report, and I don't think we think should take it at face value," said Jennifer Lee, an economist at BMO Capital Markets.
Economists warn that the unemployment rate could surge as high as 7.5 percent from 7.2 percent in September. That would be the steepest one-month rise since 2010.
(Excerpt) Read more at bigstory.ap.org ...
Here is a place to tell Chris exactly what you think-—
@ChrisRugaber on Twitter
Obamabot lackey clearing interference for Jug Ears.
LOL. This is the same MSM that freaked out over 2.50 gas and 6% unemployment.
OK, Mr. Rutabaga, we should ignore the bad employment news as a result of the shutdown. Should we also ignore the inevitable good news in the next month’s numbers?
I certainly wouldn’t care if Chris Rugaber was unemployed.
All Hail Big Bro!
Not so bad....
Unless you are the one who is out of work.
But at least America’s King and Queen are still well taken care of and want for nothing.
And all of Obama’s incompetent butt kissers still have good jobs, low accountability, and top notch healthcare plans...
/s
Ebola virus sweeps nation! Tens of millions die awful deaths! But maybe this is actually good news ...
Hmm... I wonder if Rutabaga has any comment on the “not so bad” real UE level of 13.6...
Done and done. Thanks. A good way to start my day.
Mostly, this will be where the Obama admin dumps all the numbers they have been fudging into one huge hit in order to blame the shutdown.
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