Given the acceleration in payroll growth, the upward revisions to prior months payroll gains, the trend decline in unemployment, and the pick-up in labor force participation, today's report is generally pointing to job market that's showing signs of improvement.
Unless the number of jobs added in October turns out to be substantially higher or lower than September's, or the unemployment rate is way higher or lower than anticipated, the report should be treated merely as news cycle fodder.
A silver lining in this acrid campaign year could be the birth of a new movement to turn jobs of all kinds into public work -- to build cathedrals for our future, not remain content with walls which limit our imaginations.
The gold market dropped nearly $20 an ounce shortly after the U.S. Non-Farm Payroll report was released on Friday. However, after digging a bit into the report investors in the yellow metal should find those fears without grounds.
The president should make clear that our exceptionalism is not how wealthy the few become, but how much prosperity is created and shared by the many, and the fairness and justice and decency we stand for.