For the first time since the Great Recession began in December, 2007, the unemployment rate has declined!
Compared to the hundreds of thousands of jobs lost every month, and 7.2 million lost in the past year, the month of November shows only 11,000 jobs lost and the rate declining from 10.2 percent to 10 percent.
Professional and medical jobs are up, which again shows the power of education. But job losses in construction and manufacturing are also lessening, which is a good sign.
It is hoped that the unemployment rate peaked last month, and that the 10.8 percent unemployment rate of 1982 under the Reagan Administration will not be matched or surpassed!
This news comes just after the Jobs Summit at the White House yesterday and the President on the road today in Allentown, Pennsylvania, promoting the job agenda in public meetings.