While the rest of the world’s economy continues to be sluggish, Japan’s economy is back in recession…again, the U.S. economy continues to out-perform much of the world. You would never know this if you only listen to the GOP presidential candidates describe America as a dystopian hell-scape.
Steve Benen has the November jobs report. Job growth remains strong, unemployment at 5% ;
The Bureau of Labor Statistics reported Friday morning that the U.S. economy added 211,000 jobs in November, which is roughly in line with economists’ projections. The overall unemployment rate remained at 5.0%, which is still the lowest it’s been since February 2008, nearly eight years ago.
Perhaps the most encouraging aspect of today’s report is the revisions: September’s job totals were revised up, from 137,000 to 145,000, while October’s totals were revised up, from 271,000 to 298,000. Combined, that’s an additional 35,000 previously unreported jobs.
Overall, the U.S. has added 2.64 million jobs over the last 12 months — 2.54 million in the private sector alone — which is quite good, and 2.3 million jobs this calendar year, with another month still to come. November was the 62nd consecutive month of positive job growth — the best stretch since 1939 — and the 69th consecutive month in which we’ve seen private-sector job growth, which is the longest on record.