Hurricane Sandy May Impact Monthly Jobs Report
Considering Hurricane Sandy has impacted about one-fifth of Americans, according to ABC News, U.S. economic losses could range between $35 and 45 billion!
And as it may impact job seekers who are sidelined from interviews or freelancers who get paid by the gig and can’t seem to gig it due to damage, according to the report, there could perhaps be a jolt in employment activity for rebuilding efforts.
Granted, this may not exactly be in media but it will likely be in construction, telecommunications, etc.
As for the monthly job report, according to BusinessWeek, the Department of Labor is going to wait to assess the storm’s impact before releasing the October jobs report. The report itself is slated for release this Friday and will be the last one before the presidential election.
Right now, economists are predicting payrolls to increase by 125,000 employees this month and for the jobless rate to increase to 7.9 percent from 7.8 percent last month.
Labor Department spokesman Gary Steinberg said in an emailed statement: “We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time.”
RELATED:
- Department of Labor Reports Drop in New Unemployment Claims
- Good News for Summer Hiring: Expert Expects Hourly Job Opportunities to Increase
- Simply Hired Provides Insight to Jobs Report & Names Top Three Cities to Find Media Jobs
- The Scoop on the General Release & Agreement

Looking for guidance as you job hunt? Look no further. Join our 


MediaJobsDaily Twitter feed loading...