Unusual winter weather made for large seasonally adjusted employment gains in construction, contributing strongly to January’s 268,000-job surge in nonfarm payrolls. Severe November and December weather initiated earlier-than-normal seasonal layoffs in construction, while mild weather last month brought lower-than-normal layoffs; the net result was a large employment gain. Similarly, unusually light holiday hiring at the post office meant fewer January layoffs, causing large seasonally adjusted net gains in government employment as well.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-02, pp. 12, 02.01.2001.