Mark Zandi: Mark Zandi , chief economist at Moody's Analytics , which compiles ADP's report, said that cold weather "continued to weigh on the job numbers." , according to CBC. Construction added 25,000 jobs in January, the ADP survey found, slightly below December's total. Manufacturing cut 12,000 jobs. "What we can't tell is whether its just luck i.e. some survey samples that happen to miss the true employment figure by more than normal or an actual increase in the underlying volatility of employment," he said. Many economists said bad weather was partly to blame for the sharp fall-off in December hiring. Job gains had averaged 214,000 a month from August through November, nearly three times December's total.
(www.immigrantscanada.com). As
reported in the news.
Tagged under Moody's Analytics, chief economist topics.
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