Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money Radio Show. I'm Chris Hill joining me this week.

Senior Analyst Andy Cross and Ron Gross. Good to see you as always, gentlemen. Hey, Chris. Chris, how you doing?

We got the latest headlines from Wall Street. We will dig into the metaverse with our guest, Kathy Hackel.

As always, we've got a couple of stocks on our radar. But we begin with the big macro.

The US economy added 531,000 jobs in the month of October. On top of that, the reports from August and September were revised to add another 235,000 jobs.

The unemployment rate dropped from 4.8% to 4.6%. Ron, we still have labor shortages and supply chain issues. But this was a great report.

The stock market, like this report, has do-I investors hoping that the labor shortage could be getting better. But this is a positive report, with the unemployment rate falling to 4.6%.

That's a new pandemic low. Leisure and hospitality. I'm happy to say lead the way adding 164,000 jobs as Americans got back to restaurants and bars.

We started traveling and taking vacations again. Really great to see. That sector has reclaimed 2.4 million positions that were lost during the pandemic so far.

Another bright spot. Wages did tick up a bit. You're over a year. There are 4.9%. That's a pretty big number. That's reflecting those inflationary pressures that I think are causing some concern.

We'll keep an eye on inflation. We'll keep an eye on wages. Labor force participation rate held steady 61.6%. That's still 1.7% of points below the February 2020 level.

It would be good to see some people re-entering the workforce. Finally, I'll mention that you, six unemployment numbers, we sometimes talk about, which is a broader gauge of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons. That fell to 8.3% from 8.5%.

7% was the rate prior to the pandemic. Still some work to do there, but moving in the right direction. Andy Ron mentioned the reaction from the market, the Dow, the S&P 500, the NASDAQ, all hitting new highs on Friday.

It's been an impressive run here of the past week or so. Stocks, there's a lot of excitement, a lot of buyers still on the market, a lot of excitement about where to go when you think about the market and where you think about investing in the stocks, continue. US stocks mostly continue to really be the excitement.

Especially in the small cap, we've seen a really nice bounce back in the small cap market in the Russell 2000. That's really indicative of the kind of the cyclical play as people are getting excited about the economy reopening here.

I think probably important to mention that earlier in the week, the Fed said that job growth was strengthening enough for it to begin tapering their monthly bond purchases, their quantitative easing program.

Chairman Powell also said that he needs to see continued improvement before the Fed starts raising interest rates, hikes are expected within the coming year.

But I think the market kind of liked that balance. Time to start tapering, interest rates remain low for the time being. I think the strength in the stock market is kind of reflecting that balance.

All right, let's get to earnings and we'll start with a good week for a couple of big travel stocks.

Third quarter profits in revenue for booking holdings came in higher than expected, sending that stock to a new all time high.

And Airbnb's third quarter revenue was not only higher than expected. It was also a record for the company. They also had record bookings and shares of Airbnb up 17% this week.

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