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This is CBS I on the world. Here's John Bachelor.

The jobs numbers report strong hiring across industries fuels robust jobs growth.

Payrolls rise by 517,000 jobless rate is lowest since 1969.

1960 and I was not a good year in the United States. Vietnam, the Cold War and what we knew

to be in the quandary of how to solve the American ideal against the Soviet Union and the Chinese

communists at the same time. It was a mystery. We routinely joked about Armageddon because

both sides had nuclear weapons poised at each other. That is the benchmark for what we've

just experienced. Everybody was working. There was a war economy. I welcome Jim McTay.

He is the former Washington editor for Barron's magazine now a novelist. Jim and I both

remembered 1969. This is the best jobless rate since then, but the trick of the days it

was a surprise. Jim, a very good evening to you. What job softening? Where and what recession?

Where can we find it in these numbers? Good evening to you.

Good evening, John. We're all focused on balloons today. The Chinese balloon, well, the market

balloon is bigger and flying higher than ever. If the Chinese in that balloon look out the

...