We Are to Ignore February Jobless Numbers Because of Snow


Okay, last week I mocked the government because of the assertion that the recent blizzards were a reason that we saw a larger-than-expected increase in jobless claims. I thought that perhaps this was the blame game going overboard, but that isn't the case.

White House economic adviser Larry Summers reiterated yesterday that "winter blizzards were likely to distort U.S. February jobless figures." Seriously. Yes, I know that some companies have weather-related issues and that could have some impact on the jobless picture, but this is just a bit much.

Summers told CNBC, "The blizzards that affected much of the country during the last month are likely to distort the statistics. So it''s going to be very important ... to look past whatever the next figures are to gauge the underlying trends." It is almost like the Wizard of Oz is telling us to pay no attention to the man behind the curtain.

Yes, I understand that construction activity was impacted by the storms, as were some restaurants and stores, but I really think that the government is grasping at straws by blaming the high jobless numbers on weather-related phenomena. Perhaps some temporary employees weren't hired thanks to the snow, but let's not try to mask the fact that the jobless situation is not getting any better by hiding it behind a blanket of white, fluffy precipitation.

Again, I am not making light of the unemployment situation. I just think that we need to wake up and understand that this situation is worse than we thought -- and it isn't getting any better. Just tell it like it is: we need to create jobs to get out of the recession, and we are not creating jobs. Of course, I may be willing to believe that the snow is causing the problem if Al Gore were to come out and say that global warming is bunk, but I'm not holding my breath.

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