The unemployment rate actually lowered in November, while employment was virtually unchanged, as the country lost just 11,000 jobs. This is certainly as good a statistic in this category as there has been for the entire Obama presidency by a wide margin, and the best jobs month since the start of the recession in December 2007.

Still, the raw numbers should resist any call of this as good news. . .

Tom Morello, of The Nightwatchman, on what recovery’s going to take.