Envisioning Employment: Employment Situation November 2012

Today’s Employment Situation Report indicated that in November, net non-farm payrolls increased adding 146,000 jobs overall with the private non-farm payrolls sub-component adding 147,000 jobs while the civilian unemployment rate declined to 7.7% over the same period.

Net private sector jobs increased 0.13% since last month climbing 1.76% above the level seen a year ago but remained a whopping 3.21% below the peak level of employment seen in December 2007.