The US unemployment rate continues to fall. There was no dramatic change, but with economic news in the rest of the world almost universally negative, I thought some good news was worth mentioning.
8.3% is high historically for the US, but would be welcomed in just about any European country. http://online.wsj.com/article/SB10001424052970203711104577200730710149216.html?mod=WSJEurope_hpp_LEFTTopStories. Even China is significantly slowing down, so this is quite an accomplishment.