The markets are anxiously awaiting tomorrow's jobs report, looking for an indication of whether December's disappointing numbers were an aberration or signs of a longer-term problem in the job market. In our poll today, what do you think is the most pressing threat to job creation?
1) Concerns about the overall economy and a sluggish consumer.
2) Too many taxes and regulations.
3) Technology replacing labor.
4) The winter weather.
5) Something else.
6) The job market just fine.
Cast your vote and post your comments below.
Stocks were pointing higher in early trading after initial jobless claims came in at 331,000 lower than expected and down 20,000 from the previous week. The markets have been trading in a narrow range ahead of tomorrow's jobs report. Investors will be watching for an indication of whether December's disappointing outcome of 74,000 new jobs was an aberration or a sign of a longer-term problem in the job market. Economists expect tomorrow’s report to show about 189,000 new jobs added. But questions remain about how much of an impact January’s freezing weather had on job creation for the month.
Mike Santoli offers his take on the biggest potential threat to job growth and addresses concerns about the impact the polar vortex will have on the job market and the broader economy.