I call Bull$hit !! There is no way all these job losses are due to Hurricane Sandy !!
You may recall my mentioning that when not here, I do weather. I work for a company based out of Maryland and am an ‘Advisor’ on the Severe and ‘Tropical’ board. I along with my colleagues tracked and covered Hurricane Sandy before many in the US even knew she existed. My first broadcast on Sandy was 5:00 AM EDT 10/24/2012 as a Tropical storm and my last was 12:00 PM EDT 10/30/12 as a post tropical storm. I / we know the areas impacted by Sandy. I digress … was the recent layoff / termination of over 18,500+ folks by Hostess due to Hurricane Sandy ?
Hell no it wasn’t !! So shut the FK up blaming the shitty economy on a storm from over a month ago.
Speaking of which , the U.S. Department of Labor blamed the loss of jobs across the US on Hurricane Sandy beginning on November 15, 2012. States affected were
New Jersey – +5,675 – Increase in initial claims due to Hurricane Sandy. These separations were primarily in the construction, accommodation and food service, transportation and warehousing, and manufacturing industries. – – – Connecticut – +1,783 – Increase in initial claims are due to Hurricane Sandy.
So that’s a total of 7458 job losses blamed on Hurricane Sandy during that report where a total of
In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000.
Citigroup slashes 11,000 jobs as Sandy hits US employment growth.
Since that report of job losses due to [ cough cough] Hurricane Sandy, the U.S. Department of Labor on November 21, 2012 reported a total of 39,939 losses due to Sandy out of 410,000 initial claims for that week in New York, New Jersey, Pennsylvania and Connecticut. And they reported on November 29, 2012 an addition or Jobs added or people falling off unemployment, which if the fell off they were on unemployment long before Hurricane Sandy, New York a decrease of 30,603, Pennsylvania 11,451, Connecticut 1,619. Now if you look at the previous job losses due to Sandy above of 39,939 and subtract the jobs added from above we have 43,673 jobs added for a net increase of 13,070 jobs. With that I would say impacts of job losses due to Hurricane Sandy ended during the week of November 29, 2012.
But what do we find today 12/5/2012 – "Citigroup slashes 11,000 jobs as Sandy hits US employment growth" – – – "New employment data today suggested that hurricane Sandy is hurting already tenuous US job growth."
I have no doubt that many lost jobs due to impacts of Hurricane Sandy, along with homes. But to keep blaming the $hitty eCONomy on Sandy is bull$hit. Especially when yet another company slashes 11,000 jobs along with others not reported individually as above.