As good as it gets? Photo: Patrick T. Fallon/Bloomberg via Getty Images
Friday’s jobs report must have been adapted from a comic book — because everyone’s calling it a “blockbuster” (and Martin Scorsese hasn’t shown any interest in it).
In November, America’s unemployment rate hit a half-century low, as U.S. employers added 266,000 positions to their payrolls, nearly 100,000 more than economists had anticipated. Revised estimates of the preceding two months revealed that September and October had witnessed the creation of 41,000 more jobs than previously understood. Meanwhile, the underemployment rate — the percentage of workers who are either involuntarily stuck in part-time gigs, or want jobs but aren’t actively looking for them — also ticked down below 7