The last two indicators of the year showed a slowly improving job market and a housing market whose wounds are healing, although it remains battered and bruised by the worst real estate slump in decades.
The number of people applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. And the number of Americans who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June.http://www.msnbc.msn.com/id/40850565/ns/business-eye_on_the_economy/
Notice the jobless rate's substantial increase through the final year of Bush/Cheney (2008). The high point comes at the transition from Bush to President Obama. The jobless rate decreases slowly and steadily all through the first two years of President Obama's first term. Source: US Dept of Labor.