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Here's Why the March Jobs Report Wasn't As Bad As You Think

An unusually large number of people couldn't work because of bad weather
Jin Lee/Bloomberg

Before you get too glum about the March employment report, consider this: One of the main reasons behind the hiring slowdown was likely something that had little to do with the economy's underlying strength.

Beneath the disappointment of the economy adding only 126,000 jobs last month — 53,000 below even the most pessimistic projection in the Bloomberg survey of 98 economists — was an unusually cold winter (or technically spring?) in many unfortunate parts of the country.