If You Thought January's Payrolls Were Bad, February's Should Be A Disaster

Tyler Durden's picture

Assuming that the dismal non-farm-payrolls print in January was "due to the weather," we suspect economists, strategists, and weather-forecasters everywhere are holding their breaths over the February print given the following 2 charts...

 

The weather looked like this during the January week when the NFP survey was taken...

 

And in February (the week of the survey) it looked like this...

 

So if weather is to blame for this entirely status quo unsupportive collapse in jobs data (from NFP to Initial Claims to ADP to ISM Services), then February should be disaster, right? Unless...

 

Charts: NOAA and @Not_Jim_Cramer