Tuesday, March 2, 2010

White House is shoveling it high in regard to jobless numbers.


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.

Sounds like there might be a problem that he is trying to smooooooooth over.