Chart of the Day: Net New Jobs in November

The American economy added 146,000 new jobs last month, but about 90,000 of those jobs were needed just to keep up with population growth, so net job growth was closer to 56,000 jobs. This was slightly higher than October, but only by a tick. The headline unemployment number declined to 7.7 percent.

For the conspiracy-minded, BLS revised both its September and October estimates downward. I guess they were fudging the numbers to make Obama look good after all. Live and learn.