Despite a frigid winter that many blamed for slowing economic growth, the job market did not see a "weather effect" during the last few months of soft employment data, DRW Trading Group strategist Lou Brien said Friday ahead of the March unemployment report.
During an interview on CNBC's "Squawk Box," Brien said he could not see how the weather played into recent lower-than-expected jobs reports when he examined nonseasonally adjusted numbers and historical results from those months. Brien put his forecast at 150,000 new jobs added in March, much less than the 205,000 consensus prediction.
"I'm always lower than the average guess," Brien said. "Just trying to play the odds. They're usually a little higher than the number that comes out. ... The reason why that I'm lower and the reason that I'm down at 150,000 is I don't necessarily think there's been a weather effect the last three months."
Brien said the job market will see a weather effect in the March employment report, being released at 8:30 a.m. EDT. He said the first spring month remains more sensitive to weather since since much of the hiring takes place at restaurants and services looking to move business outdoors.