Cold weather can freeze the job market.
Snowstorms have become the excuse du jour for weak job growth this winter. After months of stronger job growth, hiring was weak in both December and January, and now economists are expecting more mediocre numbers for February.
Economists surveyed by CNNMoney expect only 150,000 jobs were added during the month. The Labor Department plans to release the official numbers on Friday.
It may seem odd that a MOREAnnalyn Kurtz - Mar 5, 2014 10:32 AM ET
If takes fewer workers to make your Valentine's Day chocolates these days.
Americans consume about 5.5 pounds of cocoa beans a year, about the same as they did 20 years ago. Meanwhile, American jobs producing the candy have been on the decline.
In 1990, about 54,000 Americans worked at facilities making chocolate candy, but now only 38,000 do.
The decline reflects two broader trends playing out in the manufacturing industry: Technology is eliminating MOREAnnalyn Kurtz - Feb 13, 2014 1:27 PM ET
The unemployment rate isn't always the best measure of the job market, because it only includes people who have actively searched for work within the last four weeks. Many Americans just aren't looking for jobs.
In fact, about 91 million adult Americans don't work, and aren't looking for jobs. They make up 37% of the population -- the highest level on record since 1978.
Yes, some of them are workers who've been MOREAnnalyn Kurtz - Feb 10, 2014 2:20 PM ET
Friday morning could bring more good news about the economy when the Labor Department releases its latest monthly jobs report.
Economists surveyed by CNNMoney predict the report will show 193,000 jobs were added in December, consistent with a story of solid hiring in the last four months of 2013. The unemployment rate is expected to remain at 7% as some workers rejoin the labor force.
And on Wednesday, payroll processor ADP (ADP) MOREAnnalyn Kurtz - Jan 8, 2014 10:05 AM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.92%||3.92%|
|15 yr fixed||2.99%||2.98%|
|30 yr refi||4.01%||3.98%|
|15 yr refi||3.08%||3.04%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|