Huh?

Here's an, uh, interesting angle:

Why a Rising Unemployment Rate is Good News

It sounds dreadful. After drifting down consistently since last fall, the unemployment rate has suddenly shot up again, from 9.7 percent in March to 9.9 percent in April. But don't despair: A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.

The unemployment rate rose for the right reason. Instead of shedding jobs, employers added 290,000 jobs in April, the strongest showing since 2007. The reason the unemployment rate went up is that a lot more people are suddenly looking for work. The government said that the labor force swelled by 805,000 people in April. That's more than three times the number of new jobs, so the proportion of people looking for a job but unable to find one went up. Still, that big increase in the labor force marks an important shift in sentiment among people on the fringes of the economy.

Someone explain that ridiculous logic to me. Yes, it's encouraging that a bunch of people who threw in the towel suddenly feel optimistic enough to start looking again...BUT ONLY IF THOSE 805,000 PEOPLE ACTUALLY FIND A JOB!

I'm amazed at how his rose-colored beer goggles allowed him to write that happy horseshit about "an important shift in sentiment" right after this line: "That's more than three times the number of new jobs, so the proportion of people looking for a job but unable to find one went up." Really? No cognitive dissonance there?

I get that the mainstream media is ready for The Great Recession to be over, but this is just pathetic...

READ THE ENTIRE (RIDICULOUS) ARTICLE...