gains in manufacturing an health care. what do you see these numbers telling us about the recovery? it s a much better report than we expected. the wall street consensus was for about 125,000 jobs. so i think this tells us a couple things. first of all, that the private sector did not layoff as many people in response to the shutdown as we expected. they may have only put them on shorter hours which might explain the rise in part-time employment better was talking about. the second thing we could interfere is the fact that the private sector continued to hire as many people as they did despite the shutdown suggests there s underlying momentum which i think is because the headwinds tha been holding us back, suches athe weak housing mark and the fed ceral sequeste has started to fade. the dow is up 77 points, the s&p 500 up about 10. peter, in addition the fed has been pumping billions into the economy each month. does this jobs report change any of that?