U.S. jobless rate falls to 5.2%

Also of note - "With the January payroll increase and an upward revision to past data, job growth in President Bush's first term totaled 119,000, letting him avoid the stigma of being the first president since Herbert Hoover to preside over net job losses."

Just a reminder of how things were a year ago by Factcheck.org:

George Bush As Herbert Hoover? Oh Come On!

Even this article which was supporting the president against a moveon.org ad didn't dare say that there might be a net gain of jobs, no matter how small.

The ad says Bush has lost 2 million jobs ‘so far,’ implying that more losses are coming. In fact, the economy has been gaining jobs since July, when the total decline in jobs since Bush took office hit nearly 2.6 million. That figure has now declined to 2.3 million and is predicted to keep shrinking in months to come.

The ad’s central claim – that Bush will finish his term with the economy employing fewer people than when he took office – probably will turn out to be correct – but barely.

Almost forgot the best part - "Comparing the Bush economy to Hoover's Great Depression is just silly, and implying that tax cuts are not contributing to job growth deserves an "F" in Freshman economics."