"It’s always dangerous to read too much into any one jobs report. The month-to-month numbers are volatile and subject to revision. The margins of error are big, around 100,000 jobs for the main payroll count. Big surprises in either direction are more likely to be outliers than indications of a new trend.
What makes Friday’s report significant, then, isn’t that it suggests the job market has found a new gear. Rather, the October numbers are significant because they suggest that the previous two disappointing jobs reports were themselves outliers."