Payrolls Sweet and Sour

Payrolls increased far more than expected,: January nonfarm payrolls increased by 138,000 (consensus: 65,000).  December nonfarm payrolls were revised down to 48,000 from 50,000.  November was revised down to 41,000 from 56,000. 25 of the past 26 jobs reports have been revised lower. The January unemployment rate was 4.3% (consensus: 4.4%) versus a revised 4.4%…