A revved-up U.S. jobs market seems as strong as ever, but a look under the hood suggests some engine trouble might be developing. The U.S. added a whopping 517,000 news jobs in January to mark the biggest gain since last summer, the government said last week. Unemployment also slipped to a 54-year low of 3.4%.
What’s more, new filings for unemployment benefits recently fell close to historic lows even as a growing hoard of well-known companies such as Dell
DELL,
+1.62%,
Disney
DIS,
-2.08%,
Google
GOOG,
-0.63%
and Amazon
AMZN,
-0.64%
announced major layoffs. Too good to be true? Some economists think so. Take the …