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What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

It used to be common for drugmakers to ply medical students with meals and gifts as a way to curry favor with America's next generation of doctors.

But times are changing.

To curb the influence of drug companies, most U.S. medical schools have now instituted policies that restrict or ban gifts altogether. The policies appear to have a lasting effect.

(We updated the top of this post at 10:15 a.m. ET.)

The U.S. economy produced several hundred thousand more jobs than previously thought in 2011 and 2012 even as the nation's jobless rate remained stuck at a relatively high level, new data from the Bureau of Labor Statistics show.

While BLS said the unemployment rate ticked up to 7.9 percent in January from 7.8 percent the month before, it also reported that: