What Is Happening to America’s Less-Skilled Workers? The Importance of Education and Training in T

The labor market continued to expand at a modest pace last month, according to today’s employment report. Payroll employment increased by 120,000 jobs in November, and the fraction of Americans with a job ticked up. Including revisions to previous months, total employment was 192,000 higher in November. Private employment increased by 140,000 jobs last month while governments continued to shed jobs. While the unemployment rate jumped down to 8.6 percent, some of the reduction reflected lower labor force participation rather than increases in employment.

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