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Brad Plumer, at Ezra Klein's WonkBlog, looks at the tendency of the monthly payroll reports to be too pessimistic.
And revisions to the previous two months' payroll reports added another 84,000 jobs to the economy's over-all total.
They also examined payroll reports and correspondence from Leland Stanford and others of the "Big Four" in charge of building the Central Pacific Railroad.
On the eve of new unemployment figures for January that the Labor Department will report Friday, Mr. Bernanke predicted that "we'll start seeing some stronger payroll reports and some lower unemployment rates pretty soon," but cautioned that it would take years for the job market to return to normal.
Even with the Federal Reserve chairman, Alan Greenspan, reiterating his bullish economic outlook on Capitol Hill, many investors seemed to be holding back until next week's jobs and payroll reports, which are expected to give a clearer picture of the economic recovery.
Payroll reports?
Similar(46)
The Labor Department's payroll report will be released on Friday.
The payroll report has also become a flash point for political arguments.
The payroll report recorded a more savage contraction in employment during the recession.
Market expectations for Friday's nonfarm payroll report have fallen this week.
Orders for durable goods and a private payroll report were surprisingly good.
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