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October 29, 2012

The October Jobs Report Is So Awesome The BLS Is Putting Up Trial Balloons That They May Embargo It Until After the Election

Swell.

The U.S. Labor Department on Monday said it hasn’t made a decision yet on whether to delay Friday’s October jobs report, the final reading on the labor market before next week’s federal elections.

A Labor official said the agency will assess the schedule for all its data releases this week when the “weather emergency” is over.

Political emergency, they mean.

Ed notes the data is already collected:

Just to remind everyone, the national monthly jobs reports are not collated from the states. They are compiled from two surveys conducted by the Bureau of Labor Statistics, the Establishment Survey (businesses) and the Household Survey. Those have already been conducted by this time in the month, and the data is being collated and analyzed for Friday’s report

So, will the numbers be good? Former Administration economist Austin Goolsbee just said that last month's report was too "optimistic," thus suggesting a coming correction.

A correction not in Obama's favor.


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posted by Ace at 04:44 PM

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