We may want to wait for another month or so to be sure that such gains were truly reflective of a upward trend and not just a possible distortion arising from the temporary 'hurricane-related' loss of many lower-paying service sector jobs,
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
The overall trend is that we're making progress,
We are not likely to see faster employment growth until the current growth trend in productivity slows significantly.
These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.
These numbers give us an indication of the trend, and the trend is still telling us we're in improvement mode, not in breakout mode, where job growth is surging,