Analyst: Weather Factors May Be the "Invisible Driver" Behind Unexpected Nonfarm Payroll Data
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According to Golden Ten Data on March 6, the U.S. Bureau of Labor Statistics' press release did not provide detailed information on the extent of the weather's impact. However, looking at industries that are easily affected by severe cold conditions, such as construction (which decreased by 11,000 people) and transportation and warehousing (which also decreased by 11,000 people), at least part of these declines may be related to the weather.
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