November Jobs Report

November had the largest increase in non-farm payroll employment since January 2012, at 321,000 jobs added. October had a respectable 243,000 added after being revised up from 214,000. The labor market has been gradually picking up pace; the 12 moving average of job growth has been the highest of the recovery for the past few months.

The unemployment rate, at 5.8% didn't change, but that's more a sign of people being encouraged enough to look for work. The unemployment rate for whites is 4.9%, for Hispanics 6.6%, and for blacks 11.1% (higher now still than the overall rate was at the bottom of the Great Recession).