Sandy could delay jobs report

  @CNNMoney October 29, 2012: 1:11 PM ET
hurricane sandy jobs report

Job applicants wait to meet potential employers at a recent New York jobs fair. Hurricane Sandy could delay the release of the government's upcoming jobs report.

NEW YORK (CNNMoney)

Hurricane Sandy could cause a delay in the release of the highly-anticipated October jobs report set for this Friday.

The report is normally released at 8:30 a.m. ET the first Friday of the month. This month's report is the final reading on the health of the job market before the presidential election.

The Bureau of Labor Statistics said Monday it hopes to stay on the normal schedule and is working hard to try to do so. But because of the shutdown of federal government offices due to the storm Monday, the department is not certain whether it will be able to meet that schedule.

"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 BLS.

The only other time the monthly jobs report has been delayed was in January, 1996, when a shutdown of the federal government due to a deadlock between the White House and Congress on an operating budget shuttered non-essential government offices. The December jobs report did not come out until Jan. 19.

A delay in the October jobs report could cause a significant outcry.

When the September jobs report showed a sharp drop in the unemployment rate, some critics of the Obama administration, including former General Electric (GE, Fortune 500) CEO Jack Welch, accused BLS of cooking the books in order to make the president look better just before the election.

Other economists defended the BLS as a group of nonpartisan professionals who would not manipulate the figures for any candidates' benefit.

But a delay in the report this close to the election, even in the face of a massive storm like Hurricane Sandy, is likely to spark more political complaints. To top of page



Join the Conversation
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.