Bad Weather Kept 273,000 Out Of Work

The December jobs report was much more disappointing than expected.

It appears that the unusually cold weather played a big role.

Here's Bloomberg's Shobhan Chandra: "More than a quarter million Americans were not at work because of inclement weather, the most for any December since 1977, the Labor Department said. Employers may be awaiting further evidence that the economy is accelerating before they step up the pace of hiring... Inclement weather may have played a role in depressing payrolls during the month. The figures showed 273,000 Americans
weren't at work because of weather."

More to come...