Despite the good jobs news, unemployment is still a major crisis. The economy added 244k jobs last month. At that rate, employment will not return to its pre-recession level until 2017.
Fun Chart. Too big to include inline, it destroys hscroll.
This is the worst employment recession since the Great Depression. More jobs were lost than in any other post-Depression recession, and they're taking longer to come back.
Despite this, our political system is obsessed with cutting the debt, despite the fact that there's no evidence of inflation anywhere on the horizon. It should be noted that Great Britain adopted an austerity program similar to what it looks like we're headed toward; the results are that it looks to be throwing their economy back into an outright recession.
edit: here is Niall Ferguson making the ridiculous claim that we're actually suffering from double digit inflation.