TD at ZeroHedge:
The goldilocks economy continues as January nonfarm payrolls number comes in right as expected, or 157,000, a tiny miss to expectations of 165,000, down from the upwardly revised 196,000 (was 155,000 previously), leading to an unemployment rate of 7.9 %, higher than the 7.8% expected.
The seasonal adjustment for January was in line with expectations, or 2.120 million, as the actual decline in jobs December to January was a whopping 2.84 million.
The NSA Birth/Death adjustment subtracted some 314K jobs in January.
The labor force participation rate remained the same: