Report:Labor Dept. Considers Delaying Release of Final Jobs Report til After Election
The U.S. Labor Department on Monday announced that it is considering delaying the release of Friday’s October employment report, citing Hurricane Sandy as its chief reason, the Wall Street Journal reports.
“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 the Bureau of Labor Statistics.
Keep in mind, this is the final jobs report before the election.
“Labor is scheduled to release the employment report on Friday, third quarter employment costs on Wednesday and weekly jobless claims on Thursday,” the Journal report notes.
As of this writing, it’s also being reported that the U.S. Census Bureau is considering delaying this week’s construction spending and factory orders reports.
Final Thought — If the Labor Department ends up delaying the final pre-election jobs report, consider the following:
However, to be fair, and as the Wall Street Journal notes, the delay (if there is one) may not be due to a lack of data but because government statisticians and others simply won’t be able to prepare the report due to Washington power outages and transportation disruptions.
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This is a breaking story. Updates will be added as they become available.
Will the Labor Dept. Delay the Final Jobs Report Until After the Election? | TheBlaze.com
