16,000 Construction Jobs Cut in December: Labor Department

Did the extreme winter weather play a part in December’s disappointing jobs report? Only 74,000 jobs were added to the U.S. economy last month. Construction companies, which are heavily dependent on weather conditions, cut 16,000 jobs. That’s the biggest drop in 20 months, according to the Washington Post. The unemployment rate fell from 7 percent in November to 6.7 percent last month, the lowest level since October 2008.