According to the November jobs report released Friday by the U.S. Bureau of Labor Statistics, the U.S. economy added 146,000 jobs in November, and the unemployment rate fell to 7.7 percent, the lowest since December 2008.

But Chad Stone, chief economist at the Center for Budget and Policy Priorities, shows in three charts how the long-term trends are cause for major concern, noting that, “Policymakers could create a much rosier outlook for jobless workers and the economy generally if they would swiftly negotiate a deal that avoids the ‘fiscal cliff’ and raises the debt limit at the same time.”