Summary: The U.S. economy added a disappointing 113,000 new jobs in January, the Labor Department reported on Friday. That number missed analysts' estimates of an additional 185,000 jobs. But Peter Cardillo, chief market economist at Rockwell Global Capital, says the jobs number is actually encouraging when you consider that the participation rate improved and total unemployment ticked down to 6.6%. Cardillo says this data indicates that the labor market is improving despite January's jobs number getting derailed due to seasonal and weather factors.
