If Unemployment Falls in the U.S., Does it Makes a Headline?

Media, poll respondents, and blind Bush bashers, kindly ignore this good news.

During March:

• Unemployment fell from 4.8% to 4.7%
• 211,000 jobs were created
• Among jobless, long-term unemployed fell from 21.5% to 18.4% (year-over-year)

What's that, economic pooh-poohers?  Are they all burger flipping jobs?

Not likely, as average hourly wages for the first three months of the year increased 1% versus the previous quarter (outstripping inflation over the same period).

Even more dramatic is the trend of unemployment over the last 36 months.

Source Data: Bureau of Labor Statistics

I wonder what it could have been that happened 3 years ago...

It's no coincidence, Congress.  Make it permanent.