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Ugh: Total US Employment Falls by 169,000 Jobs in April

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This formulation is wearing thin, but the "good news" is the US unemployment rate fell to 8.1 percent last month.  The bad news is that the U3 figure dropped for all the wrong reasons, and other crucial indicators looked decidedly gloomy -- again:
 

Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing. Both the number of unemployed persons (12.5 million)...