The Labor Dept. reported that the economy added 157,000 jobs in January, but the unemployment rate ticked up to 7.9% from 7.8%.
But it also reported sizable upward revisions in job growth for November and December. The financial markets were positive on this news, among a number of other factors, with the Dow Jones Industrial Average rising above 14,000 for the first time since 2007. Reactions by many economists were favorable, with many providing a further positive outlook for 2013 as a whole.
