Jobs Report Less Awful - Media Declares Recovery

Bob Murphy described the “recovery” like this: "Say you break a leg while running. Now you have to crawl, but you are able to get from here to there. According to the National Bureau of Economic Research, you are

in recovery when you are crawling faster than when you first hit the ground in agony."

The job market has become somewhat adept at crawling through the mud, so today’s lackluster, but positive, jobs report has the usual sources declaring that the labor market is “making some serious progress.”