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Title: Sandy could delay jobs report (Obama burries bad news 'til after election)
Source:
CNN Money
URL Source: http://money.cnn.com/2012/10/29/new ... -sandy/index.html?iid=A_E_News
Published: Oct 29, 2012
Author: Chris Isidore
Post Date: 2012-10-29 17:08:16 by Hondo68
Keywords: None
Views: 3275
Comments: 2
NEW YORK (CNNMoney) -- Hurricane Sandy could cause a delay in the release of the highly-anticipated October jobs report set for this Friday. The report is normally released at 8:30 a.m. ET the first Friday of the month. This month's report is the final reading on the health of the job market before the presidential election. The Bureau of Labor Statistics said Monday it hopes to stay on the normal schedule and is working hard to try to do so. But because of the shutdown of federal government offices due to the storm Monday, the department is not certain whether it will be able to meet that schedule. "We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time," said Gary Steinberg, spokesman for BLS. The only other time the monthly jobs report has been delayed was in January, 1996, when a shutdown of the federal government due to a deadlock between the White House and Congress on an operating budget shuttered non-essential government offices. The December jobs report did not come out until Jan. 19. A delay in the October jobs report could cause a significant outcry. When the September jobs report showed a sharp drop in the unemployment rate, some critics of the Obama administration, including former General Electric (GE, Fortune 500) CEO Jack Welch, accused BLS of cooking the books in order to make the president look better just before the election. Other economists defended the BLS as a group of nonpartisan professionals who would not manipulate the figures for any candidates' benefit. But a delay in the report this close to the election, even in the face of a massive storm like Hurricane Sandy, is likely to spark more political complaints. Poster Comment: The corrupt BLS is covering up again, for O'bungler! Hiding the report, until after the election. The economy sux, and Mitt and Obama are committed to following the same FED ponzi scheme. They both want to be dictator, of a banana republic.
Job applicants wait to meet potential employers at a recent New York jobs fair. Hurricane Sandy could delay the release of the government's upcoming jobs report. 
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#1. To: October Jobs Report Still On Tap For Friday (#0)
The U.S. Labor Department said it plans to release the October jobs report due out Friday as scheduled, despite the onslaught of Hurricane Sandy. "The employees at the Bureau of Labor Statistics are working hard to ensure the timely release of employment data on Friday, November 2," said a Labor Department spokesperson. "It is our intention that Friday will be business as usual regarding the October Employment Situation Report." The October jobs report could have a significant impact on the Nov. 6 presidential election. A positive report would undoubtedly be hailed by President Obama as proof that his policies are working and justification for his re-election. A disappointing report would add fuel to Republican challenger Mitt Romney’s criticism of the president’s economic policies. Federal government offices were closed Monday and also Tuesday as Hurricane Sandy barreled down on the Northeast carrying winds approaching 100 miles per hour. In addition to the gusting winds, the storm could cause widespread flooding in low-lying coastal areas. Hundreds of thousands of people were evacuated over the weekend from regions likely to be hard hit by the storm. U.S. stock markets were closed Monday due to the storm and a handful of high-profile companies such as Pfizer (PFE) have postponed earnings calls until later in the week. It is expected that the stock markets will also be closed on Tuesday. It is not easy reconstructing 'molded minds'... The dog ate O'bungler's report card! And then Barry ate the dog.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
#2. To: Brian S (#1)
(Edited)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
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