Fed Tool Indicates Unusual Weather Depressed January Job Creation -- Market Talk

Dow Jones

2025/02/10

1005 ET - Adverse weather was a major cause of depressed job creation in January, the San Francisco Fed's Weather-Adjusted Employment Change tool suggests. The BLS reported 143,000 jobs created last month. The Fed tool adjusts the data for weather that deviates from historical seasonal norms. The model's weather-adjusted total employment is estimated at 223,000, or 227,000 when regional weather conditions are factored in. The BLS said that weather had no discernible effect on payroll employment. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 10, 2025 10:05 ET (15:05 GMT)

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The Fed tool adjusts the data for weather that deviates from historical seasonal norms. The model's weather-adjusted total employment is estimated at 223,000, or 227,000 when regional weather conditions are factored in. The BLS said that weather had no discernible effect on payroll employment. (paulo.trevisani@wsj.com; @ptrevisani) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 10:05 ET (15:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}