Quick Hit on the November Jobs Number

The November jobs report is positive in many ways.

Adding 146,000 jobs to the economy is good for any number of obvious reasons.

Unemployment is now at 7.7%, down from the recent high of 10.1% in October of 2009.

There's no question that the overall direction of the economy is inching in the right direction, but the pace of growth isn't what anyone would like to see.

Interestingly, the recovery might be accelerated by demographic changes. Ken Baer has an interesting take on the importance of demographics in the national unemployment equation here.