The Labor Department sought on Monday to quell worries that Hurricane Sandy, which has closed federal offices as it bears down on the East Coast, could delay the scheduled release of its monthly employment numbers on Friday.Given what the last few job reports were like, perhaps it's not too surprising that they'd prefer to wait...
“The employees at the Bureau of Labor Statistics are working hard to ensure the timely release of employment data on Friday, Nov. 2,” Labor Department spokesman Carl Fillichio said in a statement. “It is our intention that Friday will be business as usual regarding the October Employment Situation report.”
Although the monthly jobs numbers are always closed watched, Friday’s will be particularly so, coming just days before the Nov. 6 presidential election. Economists surveyed by Reuters expect nonfarm payrolls to grow by 124,000 and the unemployment rate to edge up to 7.9 percent after falling to 7.8 percent in September from 8.1 percent in August.
Tuesday, October 30, 2012
Storm Paper Chasers
Well, as long as they're taking care of the important things: