How The BLS Disappeared 358,000 Jobs

I continue to be amazed at the negative comments made by many economists with regard to the recent unemployment number. This is one month's set of data, which appears to be in sync with a recent minor slowdown in money growth (a slowdown which has now ended). Given the intensity of the recent Great Recession, it is not hard to understand that the lay person who is not looking at all the data would think the unemployment situation is just as bad as it was at the peak of the recession, but this is simply not the case, but the pros should have a better understanding. Here's a ShadowStats graph showing the duration of unemployment is far from its peak, and generally trending downward.