Trial Balloon Shot Down, Labor Will Release Jobs Numbers on Friday
The Labor Department announced Wednesday that Friday's report will be released at 8:30 a.m., as scheduled, after concerns earlier in the week that the report might be delayed as Sandy wreaked havoc on the East Coast.
Officials with the Bureau of Labor Statistics (BLS) said Monday they were monitoring the storm, and no decision had been made as to whether the jobs report would have to be delayed. They added they had every intention of getting it out on time.
Now that the storm has largely abated, BLS confirmed that there will be no delay in the hotly anticipated report.
So now we have the possibility of an October Surprise, with California or some other large blue state impacting the national numbers by failing to report theirs. On the other hand we should see revisions to the numbers from the last couple of weeks.