Scoreboard: America's on the job

US payrolls surged despite the shutdown, and the Fed's recent backtracking on a taper means the good news should give local stocks a kick.

Payroll numbers on Friday highlight once again that the US economy has much more momentum than the Fed – and most financial market economists – think. The report showed 204,000 jobs were created in October, which was substantially above the consensus forecast of 120,000.

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