Trying to break this report down on live TV was quite easy. Everything pointed to strength. The total jobs number is great! The beat was entirely in the private sector, which is where we want to see the jobs created. UPWARD revisions. A substantial positive revision is good. I think that it helps confirm my view that the BLS has adjusted their models and isn’t consistently overstating jobs like it had been doing previously. I continue to believe that seasonal adjustments are off (overstating winter jobs and understating summer jobs). This report seems consistent with that. Upward pressure on wages, ... NFP Instant Reaction – WOW!!!