If the Obama administration does not issue the unemployment report on Friday, it will be the most despicable act of his presidency. This storm hit in the last couple days of October. The data for this report was gathered in the middle of the month, well prior to the storm. The storm will have absolutely ZERO impact on the figures. That is a fact. To delay the report until after the election would be an attempt to steal the election. Anyone with a brain cell should be outraged that these scumbags even brought up the possibility of delaying the report.
Labor Department Says Hurricane May Affect Jobs Report
The U.S. Labor Department will wait to gauge the impact of Hurricane Sandy before determining the status of the October jobs report, the last before next week’s presidential election.
The monthly employment data are scheduled to be released Nov. 2 at 8:30 a.m. in Washington. The median forecasts of economists surveyed by Bloomberg call for payrolls to rise by 125,000 workers in October and for the jobless rate to increase to 7.9 percent from 7.8 percent.
“We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time,” Labor Department spokesman Gary Steinberg said in an e- mailed statement today.
The jobs report may help sway voters trying to decide between giving President Barack Obama another four years in office or to change course with Republican challenger Mitt Romney. The Obama administration has pointed to 24 straight months of job growth as evidence the economy is improving, while the Romney campaign has said progress is too slow.
Jack Welch, the former chief executive officer of General Electric Co. (GE), suggested the Obama administration had manipulated the jobs data for political advantage after the September unemployment rate unexpectedly dropped to the lowest level since the president took office in January 2009. Alan Krueger, chairman of the White House Council of Economic Advisers, called Welch’s comments “irresponsible.”
Prior to September, joblessness had exceeded 8 percent for 43 straight months, the longest such stretch since at least 1948.
Only President
Ronald Reagan is the only president to have been re-elected since World War II with unemployment above 6 percent. On Election Day 1984, the rate was at 7.2 percent, having dropped almost three percentage points in the previous 18 months.
In a separate statement today, Labor Department spokesman Carl Fillichio said the agency is “working hard” to ensure that the data will be released as scheduled.
“It is our intention that Friday will be business as usual regarding the October employment situation report,” he said.
Stan says:
Obama is NOT a crook!
Hot debate. What do you think?
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30th October 2012 at 10:04 am
Eddie says:
Meanwhile,in Washington D.C., The Dept. of Labor may be unable to deliver the October Jobs Report due to subway flooding in lower Manhattan.
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30th October 2012 at 10:06 am
youcanthavemyglock says:
Paul Krugman is shitting his pants now, all this insurance money flowing into the economy and new construction jobs after the hurricane! That should lower the unemployment to at least 5% right?
Obama’s next executive order: to outlaw public release of job report, welcome to USSA.
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30th October 2012 at 10:17 am
AKAnon says:
My prediction: Continued discussion on whether the report can be issued Friday, and continued talk of the unemployment rate going up to 7.9 or 8.0%-keeping expectations low. Then on Friday, a miracle occurs, the jobs report is released, and the reported unemployment drops to 7.6%. See! Obama’s policies are working! BTW, the 7.6% number will be based on nothing but wishful thinking and fabrication-revised upwards to 8.0%+ later in November (after the election). Anyone wanna bet?
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30th October 2012 at 10:47 am
Muck About says:
@AKAnon: No bets. We are now smothered in Goebbels Corp. propaganda, timed and distorted, false and omitted, all timed to insure Obummer’s re-election..
Summary: It makes me sick to my stomach..
MA
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30th October 2012 at 10:55 am
sensetti says:
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30th October 2012 at 11:29 am
Hollow man says:
And…………. You are surprised!!!!!!!! Yall should be ashamed, to think obama would do anything else. That is why he wins. (hope not) does it really matter. Romeny wins, we are saved! Velocity of money increases and inflatino rags on us until we have nada. Obama wins we plug along losing liberty thereby causing anger at the dimocrats then a repubsweep in 2016. We are saved velocity of money pick up and we are doomed! Meanwhile the fed debt” somewhere around 20 21 trillion. Ahh the good ol days
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30th October 2012 at 2:12 pm
John A says:
I voted early today here in sunny Florida. Team Soetoro/Biden did not get my vote.
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30th October 2012 at 10:12 pm
Kepi says:
Uhhhh, you guys realize that nobody in DC went to work unless they were essential personnel for 2 days, right? The folks who assemble the jobs report aren’t essential.
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30th October 2012 at 2:07 am