The October jobs report was reason to drink Pabst Blue Ribbon, not champagne.
The employment data, released on Friday, were better than economists expected, offering decent news for the economy and possibly for President Barack Obama's reelection chances. But the numbers were still well below what one would expect to see in a truly healthy economy, and some troubling details suggest the job market is still a long way from a full recovery.
"All told, a good report in the current context, but an insufficient one in a larger sense," Dan Greenhaus, chief global strategist at BTIG, wrote in a research note.
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