While the unemployment rate fell significantly below 10 percen as we had predicted last night, the month of January still had job losses rather than gains. Employers cut nearly 20,000 jobs compared to our prediction of 9,000 jobs gained. Nonetheless, the unemployment rate fell, in line with our prediction, making us believe that the 20,000 jobs lost number will be revised downward next month. We’ll have more on this and the market reaction later today.