ANOTHER ECONOMIC WARNING – AT 9:16 A.M. ET:  And we've been getting more of them every week.  From the Washington Examiner: 

Job growth slowed even more than anticipated in January, the Department of Labor reported Friday, as the economy added 151,000 new payroll jobs and the unemployment rate edged down to 4.9 percent, the lowest such mark since February of 2008.

The month's job creation fell short of the 188,000 mark that private-sector economists polled by Bloomberg had expected.

Friday's report revealed that job growth was faster than previously thought in November, but slower in December. Revisions to those two months' numbers, taken together marked down job growth by 2,000.

With those changes, job creation has averaged 231,000 over the past three months. That rate is well above the 100,000 jobs each month that Federal Reserve chairwoman Janet Yellen has said is more than enough to keep the unemployment rate falling.

COMMENT:  In fact, we need to create 150,000 jobs each month just to keep up with population growth.  This report, added to others, tells us we may be entering a recession or a near-recession. 

Clearly, if the trend continues, it will have political implications in the election.

February 5,  2016