On Friday, Feb. 3, the Bureau of Labor Statistics released the nonfarm payroll jobs report for January. New York Times reporter Vikas Bajaj wrote an upbeat news story, obviously based on a Labor Department press release rather than any study of the BLS report. If the rosy view of Ethan Harris, chief economist for Lehman Brothers, is typical, Wall Street has no more idea than Bajaj of what the jobs report really says. The export and import-competitive sectors of the U.S. economy have been tanking for a long time. To keep the story manageable, let's just go back to January...