Seems to me that everyone is making too big a deal out of the January jobs report. My local paper’s top story was the estimate that the total number of jobs fell by 17,000. If that estimate is revised later, to look better, I’m guessing it won’t be the top story. And such a revision is very possible. We supposedly had a decline in the number of jobs in August–later erased after revisions. The December estimate has been revised upward by more than 60,000 jobs.