That headline up there? I shamelessly stole that-- well, except for the Blame Obama part-- from the Maddow Blog's Steve Benen, because it pretty much rocks.
Let's start with some email alerts I received today about the economy and unemployment numbers. Where are the jobs, indeed.
Via everybody's favorite source of the most accurate news reporting anywhere ever (tongue firmly implanted in cheek), Fox (Fox Business to be exact):
Unemployment in April fell to 6.3 percent, from 6.7 percent, as the economy added 288,000 new jobs.
The U.S. economy added 288,000 jobs in April, surging past the 210,000 jobs Wall Street expected, marking the biggest increase since January 2012. The jobless rate fell by 0.4 percentage point to 6.3%, its lowest level since September 2008. The labor force participation rate fell to 62.8% from 63.2% in March.
Where are the jobs?
Peek-a-boo! Here they are!
So once again, it’s job creation time, which means it's time to bring back the Bikini Graph!
As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. Via Steve Benen, more on the new report from Bureau of Labor Statistics:
For the third consecutive month, public-sector layoffs did not drag down the overall employment figures. Though jobs reports over the last few years have shown monthly government job losses, in April, the private sector added 273,000 while the public sector added 15,000. The latter may not sound like much, but when you get used to that total being negative, it’s a breath of fresh air.
These are, of course, preliminary numbers that will be revised, but at this point, April appears to be one of the best months for the U.S. job market since before the Great Recession began. [...]
All told, over the last 12 months, the U.S. economy has added over 2.36 million jobs overall and 2.37 million in the private sector. What’s more, April was the 50th consecutive month in which we’ve seen private-sector job growth.