The United States in January added 113,000 jobs as the unemployment rate fell to 6.6%. Pension Partners LLC chief investment strategist Michael Gayed tells TheStreet’s Joe Deaux that market fundamentals indicated the jobs report would come in weak. Economists were expecting 180,000 jobs and for the unemployment rate to remain unchanged at 6.7%. December revisions were effectively flat, and Gayed says it proves experts can’t blame the weather any longer for the soft labor data.
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