{"id":341540,"date":"2010-02-19T15:45:30","date_gmt":"2010-02-19T20:45:30","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/19\/february-jobs-report-may-be-impacted-by-blizzards\/"},"modified":"2010-02-19T15:45:30","modified_gmt":"2010-02-19T20:45:30","slug":"february-jobs-report-may-be-impacted-by-blizzards","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/341540","title":{"rendered":"February Jobs Report May Be Impacted by Blizzards"},"content":{"rendered":"

The February jobs report may look worse than is actually the case thanks to foul winter weather, according to a report<\/a> from forecasting firm Macroeconomic Advisers. <\/strong><\/p>\n

That\u0092s because the February blizzard, which laid feet of snow across the country and brought business to a virtual standstill across the Midwest and Northeast<\/a>, kept many workers from getting to the office and likely pushed new hiring into the following month. The blizzard occurred during the periods when both the Household and Establishment Surveys were conducted, meaning it could affect both the jobs tally and the unemployment rate. Of course, those jobs would resurface in the March jobs report.<\/p>\n

Using the January 1996 blizzard as a benchmark, Macroeconomic Advisers’ estimates that the March 5th jobs report would have 66,000 fewer jobs than it would otherwise have. However, because there was a lot more snow this month than in January 1996 – and because snow delays lasted almost an entire week in some places and occurred precisely at the time when Labor Department <\/strong>is taking measurements – the effect could be much bigger.<\/p>\n

“I think it could be big – it could be 100,000″ jobs, says Joel Prakken<\/strong>, chairman of Macroeconomic Advisers.<\/p>\n

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The February jobs report may look worse than is actually the case thanks to foul winter weather, according to a report from forecasting firm Macroeconomic Advisers. That\u0092s because the February blizzard, which laid feet of snow across the country and brought business to a virtual standstill across the Midwest and Northeast, kept many workers from […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-341540","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/341540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=341540"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/341540\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=341540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=341540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=341540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}