We have two new updates on the labor market today and both sets of numbers are encouraging. The ADP Employment Report advises that nonfarm private payrolls rose a respectable 201,000 in August, up from July’s 173,000 increase and the highest since March. Meanwhile, initial jobless claims dropped last week, falling by a seasonally adjusted 12,000—the biggest weekly decline since July. You still can’t assume much in economic analysis these days, but for the moment we’re batting a thousand when it comes to the data points du jour.