First, on the jobs front: good and bad news.
- Good news: Private sector jobs shot up in November, with the private sector creating 206,000 jobs. Analysts had expected the creation of only 125,000.
- More good news: Approximately 42,000 job layoffs were announced in November - the good news here is that the number shrunk by .7% from October.
- Now the bad news: overall job layoffs are up this year - over 560,000, compared with 2010's 530,000 - and there is still a month to go.