Friday, May 7, 2010

Good news on jobs? No

The spin:
[T]he Bureau of Labor Statistics offered some very good news at a key moment this morning, with job totals exceeding expectations.

More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years.

The fact:
The unemployment rate rose from 9.7 percent in March to 9.9 percent in April.

Got that? Notwithstanding administration spin, the unemployment rate went up. Again.

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