Given the volatility of the report, I don't put a lot of credence in the forecasts. The headline number is the news and the fact that it went up signals that the recovery isn't falling apart.

It certainly too soon to be sure, but I think it's a very strong indication that hiring is getting on track.

I'd say there's only a 25 percent chance of a rate hike in June even. Even with another strong jobs report Friday, they'll want to have something that looks more definitely like a trend.

It fits in with the picture that the labor market is turned, inflation has turned and in a few more months they'll be tightening.

Businesses seem to be doing everything they can to increase profits without increasing hiring. Unfortunately for the labor market, they appear to be quite successful.

If you're living on the edge, then when the price of gas and heating oil goes up, you end up over the edge.

There is still a big backlog to be made up before it feels like a tight job market. Clearly it's a tighter job market than it was a year ago, and if we continue to add a million jobs a quarter, we'll move in that direction. But I think it will take a little bit of time.

Even though it's improving, there's still an awful lot of people who dropped out of work force and are waiting to be pulled back in.

The economy is neither roaring nor stalling; it's clearly out of the soft patch and moving along at a decent pace, and that's all the Fed needs right now.