October Jobs Report: Increase of 166,000 Jobs and 4.7% unemployment rate

Blow out numbers. This economy is so resilient. The huge real estate correction is being offset by the rest of the market. Buyers, it's time to step up to the plate and start buying homes! The economy created 166,000 jobs in October and there were revisions to August and September which the net effect was to lower there results by 10,000 jobs. Net net we are talking 355,000 new jobs over the last 3 months. This in a time where there is wide spread layoffs in construction, banking and Realtors. What would this economy be like had the investors not driven housing up so crazily?
The talking heads are putting a lot of caution on this number right now. Only time will tell. Right now this is good news. I look forward to the Arizona jobs report that will be released later this month.
You can read the full article from CNBC below:
http://www.cnbc.com/id/21594317