https://twitter.com/JayCaruso/status/421722295020052480
This morning another dismal jobs report was released, and as usual the numbers spin game started early.
CNBC’s James Pethokoukis has both sides.
Cold to blame:
"We suspect the [weak US jobs report] is largely because of the unseasonably severe winter weather last month" – Capital Economics
— James Pethokoukis (@JimPethokoukis) January 10, 2014
"We put this slow payroll gain down to bad weather …" – RDQ Economcis
— James Pethokoukis (@JimPethokoukis) January 10, 2014
"Weather depresses job gains in December … yet this doesn’t fully explain the loss of 347,000 workers from the labor force" – IHS Global
— James Pethokoukis (@JimPethokoukis) January 10, 2014
Cold not to blame:
Don’t blame the weather for the dreadful December job report http://t.co/c8ZPsI7ki6
— James Pethokoukis (@JimPethokoukis) January 10, 2014
"It's hard to see how the weather — or anything else — was to blame for the 25,000 decrease in employment of accountants." – JPMorgan
— James Pethokoukis (@JimPethokoukis) January 10, 2014
That famous Bernstein-Romer jobs chart: a final appraisal http://t.co/iJTwbsnGUx
— James Pethokoukis (@JimPethokoukis) January 10, 2014
Recommended
Others blamed the weather as well (do we ever go a month without “weather”?):
Under the Weather. @felixsalmon on the jobs report http://t.co/eln0BPRdLc
— The Hand & Eye (@thehandandeye) January 10, 2014
RT @Goldfarb Little noticed in jobs report: 273,000 workers were unable to work due to bad weather, up from usual 138,000.
— Jill Lawrence (@JillDLawrence) January 10, 2014
https://twitter.com/MWRadio/status/421677394877902848
Food for thought:
https://twitter.com/RobertLaurie/status/421670456479850496
Here’s a preview of the spin on the January jobs report when it’s released next month:
Unexpectedly, of course. RT @JammieWF BREAKING: Polar vortex to be blamed for next month's shitty jobs report
— Cheryl Stack (@stacker44022) January 10, 2014
Without a doubt.