Sounds like bad news, right? You have to read into the story to discover that the unemployment rate dropped to 4.9%. And even then, the spin is bizarre.
The Labor Department's fresh snapshot of the nation's jobs climate, released Friday, also showed that the unemployment rate dipped from 5 percent in November to 4.9 percent in December, as some people left the labor market for any number of reasons.
This is contradicted by the numbers given in the story itself, which notes that payroll jobs continued to increase, not decrease.
It’s time to face facts on the economy. It makes no difference what the unemployment rate is, or how many people are employed, or how much money they make, or how many of them are buying their own homes. The media are not going to budge from their line that the economy is terrible. At least not until 2009.