Give credit where it's due. Slate, NPR and other mainstream media outlets acknowledge that the employment numbers today are not good news. Slate calls its a post-convention "hangover". That's because the slight downtick in official unemployment (to 8.1 percent) is made possible only by 368,000 people dropping out of the total number of people looking for work. They no longer are officially "unemployed," but they surely don't have jobs!
The "96,000" new jobs are only to be seen against this overall decline and not nearly enough to address what has become the country's deep structural unemployment. In such a market it is an increasingly hard time to be young. More money for college loans doesn't really help with that, does it?
So the bad news is that the good news is misleading. I guess the good news is that people are figuring it out.