Falling LTU.jpg

It's not quite Morning in America, but, at least for the long-term unemployed, it's no longer the middle of the night.

Here's the good news: in the past six months, unemployment has fallen much faster than expected, from 6.7 to 6.1 percent. And 88 percent of that has been due to declining long-term unemployment.

Our colleague Matt O'Brien over at Wonkblog crunches the numbers.