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well, they actually understated things a month ago. in addition, the number of people who voluntarily quit their jobs, that's an indication of how confident people are, they can find a new job, that number went up so that's a very good sign. and there is another number in the different report, the number of housing vacancies, both rental and owner occupied has declined which tells you the housing market is improving. all of the numbers are getting better. they're not as far as long as we need to be, but the direction is very clear and it is all upward. >> richard, how important is this jobs report politically? i mean, in the closing days to the election, certainly it must have a much more of an impact than, say, something maybe six or seven months ago. >> right, well, it certainly isn't bad news and to that extent that's a good thing for the president. but actually i don't think any single month of statistics is as important as seeing consumer confidence pick up so steadily over the last several months.

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