Congress’ Joint Economic Committee has released its fourth report on employment and unemployment data at the state level through March 2010.

It will probably not surprise you that the first sentence of every summary for every state begins, “Across the country, job losses have slowed dramatically since President Obama took office, nearly coming to a halt.”

The boilerplate happy talk extends to states where it doesn’t really fit, like this section on Florida: “Actions taken by Congress and the Administration have stabilized plummeting home prices, which fell 30.8 percent nationwide from the peak in March 2006 to the trough in April 2009. In Florida, home prices fell 44.8 percent between April 2006 and December 2009, peak to trough. Most recently, home prices decreased 0.22 percent in the state between November and December 2009.”

Wait, home prices nearly cut in half in a three-and-a-half year period, and Congress and the administration want to take credit for a much smaller decline in a one month period? Just how much further do they think those prices could fall in a 30 day span?

Sometimes the numbers plugged in don’t really match the happy-talk intro: “Actions taken by Congress and the Administration have stabilized plummeting home prices, which fell 30.8 percent nationwide from the peak in March 2006 to the trough in April 2009. In Nevada, home prices fell 54.5 percent between March 2006 and December 2009, peak to trough. Most recently, home prices decreased 1.25 percent in the state between November and December 2009.”

Wait, home prices drop more than one percentage point in one month, and that’s the good news about how much more stable they are? What, the prices are stable compared to Iceland?

Or this comment on Michigan: “The unemployment rate in Michigan was 14.1 percent in March 2010, up 7.0 percentage points from December 2007, but down from its most recent peak of 14.5 percent reached in December 2009.”

We’ve declined from 14.5 percent to 14.1 percent! Victory!

UPDATE: Ties well into this: “An inconvenient truth, at least for the Obama Administration, is that once upon a time, in their January 2009 Romer/Bernstein Report they told America that without their stimulus there would be 133.9 million jobs. That’s right, in order to make it look like their stimulus has “created or saved” 2.8 million jobs, the Obama Administration first had to whack 7 million jobs from their previous estimates.”