“Oh, the weather outside has been frightful and the impact on the economy not delightful. Since people had nowhere to go, job growth was slow, was slow, was slow.”- by Joel Naroff

Okay, maybe those were not the words to Let It Snow but in a nutshell, the lyrics describe the impact of the blizzards and ice storms on the labor market. Yet despite Mother Nature’s wrath, which nailed the east and northeast with almost unprecedented snow storms, most other indicators of economic activity were quite solid and that indicates the economy is ready to shift gears.