Randall Forsyth culls the attached text: That was despite some backpedaling on Friday, following January’s employment report, which was less spectacular than the 225,000 increase in nonfarm payrolls would suggest. Relatively warm weather helped construction jobs rise by 44,000, after seasonal adjustment, four times their average gain of the past year, notes TLR on the Economy. The unemployment rate ticked up by 0.1 of a percentage point, to 3.6%, but for the positive reason that more folks entered the labor force.
