We’ll kick off today’s show with a discussion on the meanings behind the latest jobs report — stopping by is Dr. Peter Morici, professor at the Smith School of Business at the University of Maryland and Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities.  Jared is former Chief Economist & Economic Policy Adviser to Vice President Biden.

Friday Megapanel:  Ari Melber (@arimelber) + Krystal Ball (@krystalball1) + Toure (@toure) are here today.  A couple topics are on deck: when it comes to the swing states, it looks like we’re seeing some decent job growth there — especially in states like Florida, Nevada, Ohio and Michigan.  Is this a coincidence, or a 2012 play from the White House?  Then, what’s your take on this story — drug tests for the jobless?  The Arizona State Senate approved a bill this week to require people laid off through no fault of their own to prove they’re not on drugs in order to receive unemployment insurance. Arizona is the first state to push ahead on drug testing for the jobless since Congress gave states a green light last month.

The Specialist: We’ll be joined by Gary Shapiro, author of Comeback:  How Innovation Will Restore the American Dream.

New Strategies for Innovation:  Dylan will talk with Ron Adner, author of The Wide Lens:  A New Strategy For Innovation.  What are the deadly blindspots that can derail good innovations?  We’ll talk about why good ideas sometimes aren’t enough: that we have to understand how innovation ecosystems and networks of people function to make good ideas a reality.

Toure’s Turn:  Toure wraps up the day with an interesting take on the biggest thing to hit the web this week: KONY 2012.