919,000 jobs added in October

[phk]

This wasn't net job creation which was 144k or so.

[phk]

This wasn't net job creation which was 144k or so.

Whatever.  It's still job creation and all signs point to an economy on the rebound. 

So at this rate, we'll be back to pre-recession employment levels just in time for the, um, midterm elections of 2018.

[phk]

Btw separate measures were less sanguine.

For example Payrolls processed by ADP  only implied a seasonally adjusted gain of 43,000 private-sector jobs for October, while civilian employment according to the volatile BLS survey of households was down 330,000 for October.

Overall, I continue to see an economy that is growing, perhaps by a little more than suggested by last month's numbers. But the slowness of that growth continues to be disappointing.

[phk]