Hurricane Sandy Likely Devastated Jobs Numbers, Too

The AP reports:

"Many economists predict employers added fewer than 100,000 jobs last month, and some think it was fewer than 50,000. That would be far below the 171,000 created in October and normally a sign of a weak market. The unemployment rate is expected to remain 7.9 percent.

"Analysts caution, though, that Sandy likely reduced the November job gains significantly. And some employers might have delayed hiring because of concerns that the economy will fall off the "fiscal cliff" next year. That's the name for tax increases and spending cuts that will take effect in January if Congress and the White House fail to reach a budget deal by then."

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Sam Meier

Samantha Meier serves as the Identities editor at PolicyMic, where she writes on activism, gender, and new media. Sam was profiled in the New York Times for co-founding Sex Week at Harvard, and is currently working on a book about women and underground comix. Originally from Flagstaff, Arizona, she currently lives in New York.

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