The economy is showing saigns of improvement on a number of fronts, as we have discussed before, and here is a little more evidence:
The nation’s unemployment rate slipped to 5.9 percent in November, the lowest level in eight months, but the number of new jobs added fell well short of economists’ expectations.
The Labor Department reported Friday that the rate fell for the fourth straight month, down from 6 percent in October. The last time it was lower was in March, at 5.8 percent.
U.S. companies added 57,000 new jobs in November, boosting payrolls by 328,000 during the past four months following a half-year hiring drought.
But economists had predicted that about 150,000 new jobs would be added in November, and are looking for monthly payroll gains of 200,000 to 300,000 to significantly lower the unemployment rate and sustain a labor market recovery.
Keep your fingers crossed.
*** Update ***
Bill Hobbs speaks.
Dean Esmay speaks.
Steve Verdon speaks.
The CalPundit speaks.
The next trick is to get the economy rolling without going $350 billion into debt to the Chinese and Saudis.