We got the January jobs report, and the headline number was that 157,000 jobs were created.
To me, though, one aspect of the numbers resonates louder than the rest — and it explains why rates are plummeting in the face of decent economic news.
Both the November and December jobs number releases enjoyed significant upward revisions. And the current number was in line with forecasts. Despite those newly discovered jobs, the unemployment rate actually ticked up to 7.9 percent.