Sluggish Job Creation

The new unemployment report is out. The estimate is that 112,000 jobs were created in January. That’s more job creation than we’ve seen in a couple of years, but still below expectations. The unemployment rate fell to 5.6%, thanks to a continuation of the surprisingly low labor force participation rate. All in all, this report suggests that, while there’s some hope of improvement on the horizon, the sluggish job market continues…

Kash