November Jobs Report Out

I've had to warn, every month, that despite the media and political hype, the monthly U.S.  jobs report never seems to move the polls.  But here's this month's, just out at 8:30 a.m.:

Unemployment up  slightly from 7.8% to 7.9%,  with 171,000 jobs added, a nice number (beating expectations), plus more than 80,000 gained in revisions to previous months.  August revised up from 142K to 192K, September revised up from 114K to 148K.

Now awaiting how these numbers "cooked."  One of the wingnuts' claims:  those August and September numbers would be revised downward now.  Whoops.  But the Romney camp will no doubt now claim that unemp "rising again."  Obama folks can point to it staying under 8% along with the jobs added.

BTW, numbers show unemp rose because 578,000 joined the work force, countering another GOP argument that so many are exiting.

Ezra Klein:  "This jobs report is good, but it won't change the race. Which is as it should be."Business Insider: "Markets jump on jobs report."  Felix Salmon: Guess Wall St. wants an Obama win, after all.