Market Insider

Here's why a weak jobs report really could be a snow job

Will the weather rain on jobs report parade?

After being burned by December's miserable jobs number, traders are more than ready to write off any weakness in the January employment report to bad weather.

Yet, markets traded Thursday amid expectations that the number will be in line or easily blamed on weather. Economist expect 185,000 nonfarm payrolls and a steady unemployment rate of 6.7 percent, according to Thomson Reuters.

The extraordinary weakness of December's 74,000 nonfarm payrolls was attributed partly to weather. That number could be revised higher, though not likely anywhere close to the 200,000 originally expected.