Brace your selves.. for the dumbest article ever posted on CNN (which is a pretty hard title to take, considering .. it's CNN..)
Snowmageddon could cost up to 150,000 jobs in February
Economists estimate that between 90,000 and 150,000 jobs could be lost in February, as the snow kept people home from work and stalled hiring
during the month
Analysts had been expecting good news on the jobs front, forecasting that payrolls would expand.
Instead, both people who have jobs and those who were set to start new positions couldn't get to work because of the weather. As a result, they'll
file for unemployment benefits.
I know what you're thinking: HUH??
But there we go .. if next months report comes out that Feb has had a massive tanking in jobs, don't blame the firing process from temporary holiday
workers (who traditionally get laid off in Feb-March) .... blame Snow.
According to these astute and esteemed economist, the snow (approx 12-18inches on the Eastern Seaboard) will leave all those new hires at home,
stranded and unable to get to work. Now, according to these geniuses among economist, these people will then trudge through the snow (presumably on
foot?) to local Unemployment Offices and become first time benefit seekers. Say what? Yes, that's right.. those unable to get to work will walk to
the unemployment office instead and file a claim.
90,000-150,000 expected jobs lost or not started due to this storm.
Now, having come from Ohio, I know we have ... salt trucks, plows and an assortment of ways to get back on the road.. I've only ever seen one time in
23 years that work was canceled for more than 2 days.
"The storms will have a tangible impact on the hiring process, which is impeded when people can't get out and businesses are closed" said
Stefane Marion, National Bank Financial's chief economist. Marion originally expected that the economy would add jobs in February, but he now
estimates that a total of 150,000 jobs could be lost because of the storms, at least temporarily.
I mean, you have to ask your self. WHO THE @$! ARE THESE PEOPLE?
Washington DC (where it's being called snowmagedon or whatever) has 17 inches of snow.
In December of 2009 DC had 16 inches of snow.
150,000 jobs were not lost. Well. Associated to snow anyways, I should say..
Don't worry though. Unemployment is still expected to decline in February, even with 150,000 jobs lost.
Edit to put in me link.
[edit on 2/12/2010 by Rockpuck]