Lackluster Job Report Concerns Analysts

Ad Feedback

The U.S. economy added 113,000 jobs in January, according to a report the Labor Department released Friday.

That may sound like a lot, but many analysts say it's weaker then they expected. It's the second month in a row for a lackluster job report and it makes some experts wonder if the cold weather has anything to do with the downward trend.

"The extreme cold, the polar vortex, could that be freezing the job market for a couple months in a row or is this a real slowdown?" Rick Newman from Yahoo Finance said.

Meanwhile, the unemployment rate dropped to 6.6 percent -  the lowest since October 2008.

But economists said that number can be deceiving. More than 3.5 million Americans have been jobless for 26 weeks or more. Many stopped looking for work, meaning they are no longer counted in the official reports.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.