POLITICO Playbook PM: The Covid-laced jobs report

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BULLETIN — Mark your calendars: Speaker NANCY PELOSI has invited President JOE BIDEN to deliver his State of the Union address on Tuesday, March 1. The letter

MAKING SENSE OF THE JOBS NUMBERS — Confusion is becoming an increasingly common theme of jobs-report days, with hopeful or encouraging economic trends almost always dampened by a dose of Covid-laced reality. It was no different today.

Here’s a breakdown of the mixed bag new jobs report:

THE GOOD: The U.S. unemployment rate fell from 4.2% to 3.9%, and the jobs reports for November and October were revised upwards. November’s job gain…

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