It’s 56° and temperatures are expected to peak at 64°. Partly cloudy in the morning, sunny throughout the afternoon.
The New York Times reports that the jobless rate — which abruptly decreased in September — is at its lowest level since President Barack Obama took office in January 2009. Employers added 114,000 jobs and the unemployment rate dropped to 7.8 percent. The Times reports:
The jobs report was preceded by other signs of growing economic strength, including a jump in consumer confidence, the strongest auto sales in four years, rallying stock prices and, at long last, a stabilization of housing prices.
And despite the good news for Obama:
The new numbers may have less economic than political import, since they represent only one month of data that can be quite volatile and give little indication that the plodding recovery has accelerated.
In local news, there are abundant activities to feast upon this weekend, including two old favorites:
Fleet Week: View the Parade of Ships at 11 a.m. and the Fleet Week Air Show — always incredible — from 12:30 to 4 p.m.
Hardly Strictly Bluegrass: Free at Golden Gate Park. For a schedule of events, click here.