212k jobs in December, UE falls from 8.6 to 8.5. Interestingly the WH's economic team had expected UE to remain in the 9s throughout much of 2012. I wonder if they under-calculated the number of people who have left the work search, which is a big reason why the number is falling.
It's going to tick up as more people get excited about the jobs numbers and start looking for work again, then we'll get more "LOLBAMA" responses.