The fallout continues from the unemployment report of a few days ago and recent comments by Fed members. Chicken Littles are running around Wall Street, disappointed that the economy might actually be stronger than they expected, that more people are employed, and that their wages are increasing. Yes, those are definitely horrible things. The highlights of the report include:

1) October and November revisions added an additional +29,000 payroll jobs
2) December payroll jobs were up +167,000
3) The household survey (which includes self-employment) was up by +303,000
4) The civilian employed workforce is at a record 145.9 million+

Speaking of payrolls, the December employment data for the printing industry was released, and the number of production employees dropped by only 100. That probably means that December shipments data were stronger than last year. Employment in non-production jobs dropped by 1,100. For other sectors, we now have the November data. Employment in non-newspaper publishing is up 12,000 compared to last year, and employment in agencies and design establishments is up by 9,500. Content is still being created. Where there is content, there can be print. There are 10,900 fewer people employed in newspapers than a year ago.