A Walk Through Today's Strong Jobs Report

A Walk Through Today's Strong Jobs Report by Brad McMillan, Commonwealth Financial Network

As I wrote the other day, the economic recovery really all boils down to jobs. With multiple weak indicators across the board and a poor March jobs report, many wondered: was the recovery continuing, or were we in the first stages of another slowdown?

Based on the U.S. jobs data this morning, I would say that the question has been answered—and the recovery continues. Beyond the healthy headline number, the jobs report offers additional details that suggest the recovery is likely to accelerate.

Job creation spikes

280,000 jobs were created in May, well above the 225,000 expected by most economists. It was also revealed that an additional...