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The media is reporting that the unemployment rate increased from 4.4% to 4.5% in November. This is technically true, but it owes some credit to rounding. I got the raw data and the jobless rate increased from 4.42% to 4.47%.

Here's what the past twenty-odd years have looked like:

And here's nonfarm payrolls over the past ten years:

You can see that job growth is slower in this recovery than in the 90s.

Posted by edelfenbein at December 8, 2006 10:18 AM