Employers added 113,000 jobs in Jan, far below the 182,000 expected. Economists were hoping to see a snap back from Dec which also disappointed and a sign the economy is atleast generating as many jobs as it has been the past 2 years, roughly 182,000 monthly. The vast majority of the hiring taking place is by companies with less than 500 employees. While business owners with significant assets and robust growth can get financing, many entrepreneurs continue to struggle with financing creating a key set back for growth. Monica discussed this and more CNN’s Carol Costello and Brookings Institute’s David Wessel.
CNN: Jan Job Creation Falls Short