No.
The move to frameworks is driven by years of frustration over the browser-dependencies and sheer dislike for many of the original decisions made in the design of Javascript. Note that you are still working in Javascript though so it isn't really fair to say "learn Javascript" so much as "explore the areas of Javascript now handled by JQuery."
With respect to your attractiveness to a prospective employer, I'm pretty certain that JQuery would be a better skill to list on a resume than Javascript (I know it would in our shop). If you think about it, employers who care enough to do good client-side development will expect prospective employees to have experience with tools like JQuery. Those who don't care as much about client-side development simply won't make client-side skills - including Javascript - a priority. Indeed, if you are going to spend your time learning more about the client side, I'd recommend learning another client-side framework (e.g. YUI or Ext). Not only will it make you more valuable, it will almost certainly require a certain degree of exposure to more of Javascript's idioms due to differences in the frameworks.
Update - Rohan makes a good point about learning Javascript: that it may help you code more efficiently and effectively in JQuery. I agree in the abstract but I would personally be a bit hesitant to put too much effort in this area. As a long (long) time developer, I've learned to be very focused on the payoff from investments of time and effort. There is much to learn in the world, and only so much time to learn it. The time I spent learning how to write ISAPI dlls, for example, has paid very little compared to the investment.
Update 2 - A few people are making the argument that JQuery is slower than raw Javascript. Is anything ever new? This same argument about "raw" development versus frameworks has been going on for decades!
In this case it is especially perplexing, though. In my experience, people who adopt a client-side framework actually end up delivering client-side functionality. Those that don't tend to get locked into server-side solutions because of the inherent difficulty of handling DOM incompatibilities across browsers, Javascript idiosyncrasies, etc. Thus, recommending Javascript "for speed" misses the whole dynamic where a pure Javascript site is very likely to be slower because developers end up falling back on Server-side code just to stay productive.