Employment: Payrolls added 39,000 in November

November's bleak employment report: payrolls inched up by 39,000 net jobs, private non-farm payrolls added 75,000 jobs, and unemployment increased to 9.8 percent.

SoldAtTheTop / The Paper Economy
Private payrolls (blue line) added 75,000 jobs in November, for a net job increase of just 38,000. The green area shows the change from one year before, the pink area the change from one month before, and the red bars the change from the pre-recession peak.

Today's Employment Situation Report showed that in November, net nonfarm payrolls increased by a mere 39,000 and private nonfarm payrolls added just 75,000 while the unemployment rate inched up to 9.8%.

It's important to note that private sector job creation increased just 0.05% since last month remaining a whopping 6.31% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a notable increase of 1.02%.

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