Larry Summers: February Job Losses Are Going to Be Really Bad!

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.
Construction activity was hit particularly hard by the storms, but many restaurants and stores also had to close, putting the brakes on hiring plans and temporarily throwing some employees out of work.

Comments from the same story:
Mr. Summers I have only one thing to say….WHAT A LOAD OF CRAP!

Another false claim…I bet there were no government jobs lost. Does the adminstration really think we are stupid?

Also….people please take a nice long look at what is happening in Greece, Spain, Portugal, and possibly Italy. This is the future of the USA unless this spending madness is stopped.

Temporary job loss of a few days allows unemployment claims? When did this start?
Must have to have some reason for expected bad news?

LOL, surprised they didn’t also use the blame Bush card. Watch, this Summer will be too hot for employment…