November’s economics numbers are out and the employment situation is looking up:
In the strongest employment report since the recession began nearly two years ago, the government said Friday that the nation’s employers had all but stopped shedding jobs in November, taking some of the pressure off of President Obama to come up with a jobs creation program.
The Labor Department reported that the United States economy lost 11,000 jobs in November, and the unemployment rate fell to 10 percent, down from 10.2 percent in October.
Yes, 10% unemployment is still very high. And yes, it’s not much of a comfort to say we only lost 11,000 jobs last month. Nevertheless, the slowing of our plummeting employment is a heartening sign for our economy.
And even though a jobs bill may no longer be as much of a pressing concern, it may still be worth passing–why wait for employment to improve over the next few months when we can take action now to improve it?