Seasonal holiday hiring?
Bounce from the shut down, and the trickle effect on supporting businesses. Also, companies were working to get those inventories to those high levels.
Overall, for a single point, it’s positive. But this has to all be kept in context.
Among other things, they're counting the return of government workers temporarily suspended during the shutdown, plus a ton of pencil-whipped birth-death jobs, plus seasonal adjustments, plus they dropped a bunch of people who can't find jobs out of the equation.
We'll know more later today, but that undoubtedly accounts for the majority of the improvement.
Unemployment numbers, alone, do not tell the full story; except for the story required by the dhimmicraps and their bed-wetting overlord, Zero.
Unemployment can only correctly be interpreted in light of the labor participation rate.
An unemployment rate of 7% in an economy with 65% labor participation is a FAR CRY from a 7% unemployment rate in an economy with 90% labor participation.
Trendlines of the two indicators, overlaid one on the other, more completely tell the story of the current state of employment in the US. Further refining the trendline of either, to reflect seasonality and FTE data (part time jobs) would make it even more accurately reflective of the true employment picture.
Bingo! Seasonal hiring.
It probably is seasonal, but U6 is the only number that is close to real.