by Bill McBride on 10/29/2012 02:51:00 PM
Monday, October 29, 2012
The U.S. Labor Department on Monday said it is “working hard to ensure the timely release” of the October jobs report, saying it intends to released the report on schedule Friday despite Hurricane Sandy.From the NY Times: Still at Sea, Storm Drenches East Coast
“It is our intention that Friday will be business as usual,” said Carl Fillichio, a senior press advisor at Labor. Mr. Fillichio’s statement provided clarity to an earlier Labor statement that said the agency would assess how to handle data releases this week after the “weather emergency” is over.
Hurricane Sandy churned relentlessly through the Atlantic Ocean on Monday on the way to carving what forecasters agreed would be a devastating path on land that is expected to paralyze life for millions of people in more than a half-dozen states, with extensive evacuations, once-in-a-generation flooding, widespread power failures and mass transit disruptions.Oh my. Please stay safe.
The huge storm, which picked up speed over the water on Monday morning, was producing sustained winds of 90 miles per hour by 11 a.m., up from 75 m.p.h. on Sunday night. The center of Hurricane Sandy made its expected turn toward the New Jersey coast early on Monday. ...
According to forecasters, the storm is on a scale that weather historians say has little precedent along the East Coast. Landfall is predicted on Monday night somewhere between central New Jersey and southern Delaware. But most of the eastern United States will feel Hurricane Sandy’s effects, making the exact landfall spot less important than the overall trajectory.
Posted by Bill McBride on 10/29/2012 02:51:00 PM