So the unemployment rate falls to 7% and the headlines are we may have 'turned the corner' on the economy. 7% unemployment would be considered a great depression under George W. Bush.
What won't make the Nightly News is- government hired 338K additional workers in November, almost half of the job gains here.
About that 7%. During the 8 years of the Bush (43) Adm. (2001-2009), the unemployment rate was below 6% for 83 or Bush's 96 months in office and that was called a failed economy.
In November 1992, 7.4% unemployment under George H.W. Bush (41) was called 'the worst economy in the last 50 years' and Bush was fired for it by the voters.