This morning investors are trying to figure out what today’s jobs report means for the economy and interest rates. According to the U.S. Labor Department, employers added only 111,000 jobs last month, below the 150,000 that had been expected. The reports also says our nation’s unemployment rate reached 4.6%, that’s a four-month high. Does the report signal weakness, or is there more here than meets the eye?
"I think the numbers were pretty good for the month considering the possibilities of weather related distortions.” said Steven Wieting, Director of Economic and Market analysis with Citigroup. He says snow in parts of the West stalled housing starts and construction.