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The Jobs Report Is Even Better Than It Looks
FiveThirtyEight
By Ben Casselman
Snip>
What makes Friday’s report significant, then, isn’t that it suggests the job market has found a new gear. Rather, the October numbers are significant because they suggest that the previous two disappointing jobs reports were themselves outliers. The “true” pace of U.S. job growth may not be as good as October’s numbers, but it’s probably better than August’s or September’s. We won’t know for sure for several months, but the most likely explanation for Friday’s numbers is that the U.S. job market is still where economists thought it was back before the August slowdown: in a state of steady, solid job growth.
http://fivethirtyeight.com/features/the-jobs-report-is-even-better-than-it-looks/?ex_cid=538fb