--Jan Payrolls +151,000; Unemp 4.920%, Lowest Since 2007
--Manufacturing Shows a Rare Pop on Non-Durables
--Couriers and Private Education Alone Cut 53,000 Jobs
WASHINGTON (MNI) - The January jobs report delivered all the weakishness
that Fedwatchers expected and then some, but under the surface the month's
losses were unusually concentrated in two peripheral categories.
January payrolls came in at 151,000, the Bureau of Labor Statistics
reported Friday, the least since September.
Yet the unemployment rate came down to 4.9%, the lowest since November 2007
before the financial crisis.
The slightly elevated initial claims data lately and the latest Challenger
tally of layoff intentions, the most since 2009, had prompted forecasters to
trim their payro