It's a mixed bag of news despite the .04% drop from October. The good news is that the economy has added jobs for 4 straight months. Broader surveys suggest that this is likely to continue. Fewer people are discouraged about finding work this month. And upward revisions for October and September added 72,000 more jobs to the mix. The bad news is that manufacturing is shrinking, most of the added jobs are in low paying retail firms, Europe debt could still reverse the whole thing, and we still aren't adding enough jobs to offset those coming into the workforce. Reuters: The report is unlikely to take much pressure off President Barack Obama, whose economic stewardship will face the judgment of voters next November. The outlook for the U.S. economy is also being threatened by Europe's deepening financial crisis. The report could temper the appetite among some Federal Reserve officials to ease monetary policy further. In forecasts released earlier this month, the Fed said the jobless...(Read Full Post)