certainly look good on the surface. however, if you look at the number of new jobs created, there's just not enough new jobs being created in america. >> more than 300,000 americans left the labor force last month. that means they stopped looking for work. i think we should all be concerned about that. >> speaker boehner and leader canter giving the republican reaction to today's jobs report. the unemployment rate moved in a big direction in the president's favor but those hundreds of thousands of people who stopped looking for work also indicate that there is still a lot left to do. we have the chair of the council of economic advisers who took over in october. he joins me now. chairman, let me ask you a question based on what mark zandi said right at the top of my show. he called the report good, not great. fair description? >> i think what you want to do is look at this report in context. one month doesn't a new trend make.