Wow. Our experiment is off to a great start—let's see if we can finish it off sooner than expected.
Yesterday we had a slew of bad economic reports, including a huge rise in the number in new unemployment claims. Today we have good news: the number of new jobs is up strongly. Conclusion: who knows? Basically, we're undergoing a fragile, unsteady recovery, and I'm not sure you can say an awful lot more than that with any confidence. Steve Benen's chart showing the long-term trend is below.