It's the first Friday of the month, which always means jobs numbers - even in the wake of superstorm Sandy. This month's official Federal jobs report may be even more important because it's the last one before the election - and it was great for President Obama.
As Brad Plumer of the Washington Post's Wonkblog made clear, the economy is doing much better than we thought it was - and it's been doing better for several months already. Steve Benen drove that point home with his private sector jobs chart, showing monthly job losses/gains in just the private sector since the start of the Bush Recession.
In short, the recovery is underway, thanks to the policies and leadership of President Barack Obama.