Shorter Megan McArdle:
Employment Data: Cautiously Optimistic:Hey, remember when she was sure she had seen that recession around here somewhere? Funny how she was OVERLY optimistic, then.
I am going to alloy this unalloyed good news but it has nothing to do with the fact that a Democrat is president now. No, there is no relation to my calling growth under Bush "record growth (in the comments)" without equivocation.