203K jobs is steady (if not grand) improvement in hiring. The Washington Post suggests that this report shows that the government shut down had little effect on the economy and that the Federal Reserve could consider pulling back its bond buying program to support economic recovery. They also suggest that holiday sales will be 3 percent higher than last year – another sign of recovery.
I’d like to add one point. We need to create even more jobs to keep up with population growth. Klein gets at this in his third point about weak job creation, but we need to remember that we aren’t just aiming at getting back to pre-recession job levels. America is a growing country and getting back to pre-recession jobs levels in 2023 will mean that the country will still have high unemployment and numerous people out of the job market – we have to do better and create jobs faster.