300,000 plus new jobs: Biggest number in four years. Watch for bonds to tank in fear of interest rate hike. Stocks will soar. Huge news for the GOP and bad news for the Democrats. However the Democrats spin this number immediately as bad news and lies; they point out that the grocery strike and construction represent 70,000 of the jobs so there were "only" 230,000. Plus they are screaming that hours worked are down and things are really awful. Fact: number is terrific but we need many more months like this. GOP response spin (as if they needed it) is 759,000 jobs created in the last seven months. Unemployment rate went UP to 5.7% because lots of workers started looking for jobs. Later add at 6:03 PST Manufacturing jobs stayed flat. First time they haven't shrunk since 2000, when Clinton was president. It becomes very clear that this downturn started under Clinton's shift with the dot com crash. Interest rates are rising over 4%. Dollar is roaring against all currencies. Look for the Democratic protectionism to fade as an issue.