Looks like the White House is getting to blame last month’s blizzards on for this month’s poor job numbers…according to the Republican Leader John Boehner’s web site [1]:
With the recent February blizzard still fresh in our minds, some people, most notably National Economic Council (NEC) director Larry Summers, have suggested that the poor weather will take a toll on the February job numbers, out on March 5 from the Labor Department. In particular, Goldman-Sachs has looked at data on the job effects of a storm in early January, 1996, which pushed about 200,000 jobs into future months, and postulated that the similar effects will be seen in the February jobs data.
I guess we’re not quite done shoveling after all.