Summary: January non-farm payrolls increase in line with expectations; November, December figures revised down; jobless rate drops considerably, participation rate falls; “not good news”, workers “discouraged”; jobs-to-population ratio up after pause; underemployment rate down again, half of April peak; COVID-19 still dragging on “self-sustaining recovery”. The US economy ceased producing jobs in net terms as infection controls began to be implemented in March. The unemployment rate had been around...