Data on the labor markets showed signs of a slowdown, with weather partly blamed for the numbers that came in below estimates.

Closing Bell

January Private Payrolls Growth Slowed In Part Due to Weather

The Feds Other main objective of course is maximum employment. Making sure every american who wants a job can get one fresh data today on the labor market showing signs of slowing down in the private sector adding 100 and 6000 jobs last month. That was below expectations. The payroll company ADP noting that weather and the week of data collection likely skewing the numbers lower than they were for the entirety of the month. That the services sector led by hospitality adding 100 and 9000 jobs. While the goods producing sector shed 3000, the economy is still adding jobs on net even as companies have been cutting costs from the tech firms to startups and even some blue chip companies like Three AM announcing layoffs. Well today's jolts report showing 11 million available positions for higher. That's a five month high according to the Labor Department. The Fed viewing is still solid jobs market as one of its final hurdles in bringing down inflation for the long term.