Gavyn Davies on the jobs report

At the Financial Times, Gavyn Davies interprets the jobs report in a modestly upbeat light. He points out that with the upward revisions to October's and November's numbers, the BLS "discovered" 175,000 more private sector jobs in December (211,000 total). He also notes that reasonably strong GDP growth in 2010Q4 (3.5-4%) means reasonably strong employment growth in the months to come.