There are indications the economy is getting stronger. The Labor Department said Friday 243,000 jobs were added last month, the largest gain since April of last year, and the unemployment rate fel to 8.3 percent, the lowest in three-years.
The numbers, says Charles Schwab Chief Investment Strategist Liz Ann Sonders, are "pretty close to great. What was unique about this month relative to past months is there was not much you could follow (with the word 'but'). The sport has been the skeptics diving into each month's number and finding some fault with it, and this time it was strength across the board, and that made it particularly unique relative to recent trends."
Better yet, Sonders told "CBS This Morning: Saturday" co-host Jeff Glor, "Most of the leading indicators suggest continued strong job growth. In fact, one of the interesting things about the number - particularly yesterday, but in general, is there are two numbers used to create the numbers we get on a monthly basis. There's the payroll survey, which is where we get that number of jobs lost or gained in each month. But then there's a household survey, a survey of 60,000 households, and that's where the unemployment rate is derived. That survey showed 631,000 jobs created last month. And that's good news, because it tends to lead the payroll survey."
That doesn't mean everything is rosy though. To see the full interview, click on the video in the player above.