Obama WH: Joblessness No Longer Bush's Fault
WASHINGTON, March 1 (Reuters) - White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.
"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," Summers said in an interview with CNBC, according to a transcript.
This, of course, can mean only one thing. Whatever those job numbers are on Friday, they'll be immeasurably and unprecedentedly unexpected.