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Drop the job market weather excuse

February 7, 2014: 1:29 PM ET

The labor market is weak. Period.

FORTUNE -- Lots of economists blamed December's jobs disappointment on the weather. And there was a case to make for that. In December, a far higher number of people than usual said they couldn't get work because of the weather. That wasn't the case in January. In fact, adjusted for the weather, January's jobs number is actually weaker than it seems.

chart-weather-adjusted-january

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Stephen Gandel
Stephen Gandel

Stephen Gandel has covered Wall Street and investing for over 15 years. He joins Fortune from sister publication TIME, where he was a senior business writer and lead blogger for The Curious Capitalist. He has also held positions at Money and Crain's New York Business. Stephen is a four-time winner of the Henry R. Luce Award. His work has also been recognized by the National Association of Real Estate Editors, the New York State Society of CPA and the Association of Area Business Publications. He is a graduate of Washington University, and lives in Brooklyn with his wife and two children.

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