Monday, October 29, 2012

A Jobs Report That Might Never Come - Before Nov. 6 At Least

With unemployment being one of the top issues in this election, the October jobs report scheduled for Friday could have an impact on the election - likely a negative one for Obama. This from Hot Air:

{D]uring yesterday’s This Week on ABC. George Stephanopoulos asked former Obama administration economist Austan Goolsbee about the political impact of the jobs report coming up this Friday, just four days before most voters cast their ballots. Goolsbee notes that only “unbelievable outliers … crack through the shell” of the electorate’s consciousness for a single-month’s report. Goolsbee then admits that last month’s jobs report was “artificially too optimistic” — an “unbelievable outlier,” in other words.

So why admit that now? Well, that “unbelievable outlier” is likely to get corrected in this month’s household survey, and that will drive the jobless rate up. . . .

Not so fast. According to the WSJ, the Dept. of Labor is considering putting off the jobs report until after the election because of the superstorm currently bearing down on the East Coast. This in fact might be legitimate, but why do I feel that, if it is anywhere near a close call, the decision will be to put it off until after the election. Hey, maybe it will come out on the same day the State Dept's investigation into the Benghazi scandal is published. And that may come on the same day the MSM starts to pay attention to what is unarguably one of the worst scandals in our nation's history.

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