http://www.peoplespunditdaily.com/2014/12/05/news/economy/us-economy-adds-whopping-321000-jobs-in-november-but-key-indicators-wont-give/Economists predicted that the jobs report would show only 230K jobs created, but it was a much better than expected 321,000, with September and October's totals also being revised upward by 44,000 total.
Hiring was broad, with over 70% of industries adding positions. Consumer spending is up big time on falling energy prices and the approaching holiday season.
Wages were a little less disappointing, growing 2.1% year-over-year from 2.0% last month. It's still very weak, but moving in the right direction.
The overall unemployment rate did not change, nor did the total number of unemployed (9.1 million) or number of long-term unemployed. The labor force participation rate also remains low at 62.9%.
The current job total for 2014 is 2.650 million, which is the best year since 1998. Just under 11 million jobs have been added since February 2010, and the net gain under Obama rises to 5.9 million. We're still only 2.3 million jobs in the clear after accounting for recession losses, while the U.S. population has grown by nearly 10 million since 2010, hence the higher unemployment rate.
