This from Marketwatch:
WASHINGTON (MarketWatch) — Mix some of the worst winter storms on record with a weak economy and you’ll get disappointing payroll data when the government reports on February’s job market this week.
Economists say the massive snowstorms that hit the eastern half of the nation in the second week of February could depress employment by as much as 150,000. But the impact of the storms will mostly be temporary, with a large bounce back in March very likely, depending on the next storm, of course.
“The blizzard that blanketed the East Coast during the February employment survey week probably caused a sharp decline in payrolls for the month,” wrote Peter D’Antonio, an economist for Citigroup Global Market, who was the MarketWatch forecaster of the month for January.
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