The Bureau of Labor Statistics reports that it’s down to 9.4% from 9.8%, seasonally adjusted (if you prefer the U-6 numbers, it’s down to 16.7% from 17.0%, seasonally adjusted). So… half a full point, huh? In 2009, the drop between November and December was half that; of course, in 2009 the business community wasn’t breathing a collective sigh of relief because the American people had just given the House of Representatives back to the adults.
Hey, I guess that we’ll just have to see if that was a justified sneer or not, huh? – Personally, I’ve always managed to avoid taking pleasure at the sight of bad economic news when it benefited my side; one wonders if my opposite numbers are going to be able to do the inverse…
Moe Lane
PS: More from Instapundit, including this dash of cold water.