The Jobs Report Was Horrible -- Or Was It?

By now, everyone's seen the job report, which showed that

.  But markets shrugged off the news, and the

actually sold off, which is the opposite of what you'd expect to see with a weak jobs market.

So what happened

Anyone who lives on the east coast could tell you.  Snow.  Lots of it.  And that kept people from going to work.

According to

,

.  That compares to the average of 282,000 in January for the past five years.  According to

, the bad weather subtracted about 150,000 workers from the payroll count.

That's why people like the chief

at

said "the labor market is clearly improving."

And that's why traders really didn't react too much to the news.  They suffered through the storms, and they know exactly why the number of jobs created was so low.

This is another example of why it's important to remember to look beyond the headlines and look at what is really happening when you make your investment decisions.

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