Many thanks to AJ for this – I posted the President’s 2004 Convention speech in the new speeches’ section here and AJ let me know about this video of the reaction at the time of the PBS panel (Mark Shields, David Brooks and Richard Norton Smith):
MSNBC: U.S. private-sector employers added 110,000 jobs in October, beating economists’ expectations, a report by a payrolls processor showed Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 101,000 jobs. September’s private payrolls were revised up to an increase of 116,000 from the previously reported 91,000.
The report, which is jointly developed with Macroeconomic Advisers LLC, gives some hope ahead of the release of the key U.S. jobs report from the government, which is due Friday morning and forecast to show the economy created 95,000 jobs last month.