Keystone, jobs, and a president who doesn’t get it

Published November 9, 2015 5:01am ET



After months of disappointing economic news, Friday’s job numbers came as a pleasant surprise. The economy created a net 271,000 jobs in October, a figure that beat low expectations and doubles disappointing job creation numbers of the prior two months. The official unemployment rate also fell to 5 percent, although that number has a different meaning in an era of dramatically lower workforce participation.

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