Though the rate did not drop, and the growth was 157,000 (shy of the 166,000 average estimate), previous revisions reveal the economy was more robust than percieved in previous years.

From benchmarking revisions data from the business sector, it was revealed the average job growth from 2011-2012 was 180,000, revised up from around 150,000.

That's 720,000 more created jobs than were first reported. October, November, December 2012 averaged 200,000 jobs created per month.

If the government can finally get some things accomplished, this year could have some surge. Immigration reform will help, an agreement on spending cuts and revenues will help perception and long term horizon needed to get businesses in the game.

New revenues are going to close that deficit gap already, any new spending cuts/revenue offsets will close it a little further.