Some music to listen to while reading today's jobs report 

Today's June jobs report from the Department of Labor is a complete catastrophe for the Obama administration. Unemployment, up. Job growth, non-existent. Percentage of adults with jobs, down. Job creation numbers for the past two months, revised down. Labor force participation rate, down. Number of hours worked, down.

It wasn't supposed to be this way. Treasury Secretary Tim Geithner's New York Times op-ed Welcome to the Recovery. Remember Vice President Joe Biden's Recovery Summer.

And this week White House political adviser David Plouffe said, "The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers. People won’t vote based on the unemployment rate."

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Conn Carroll

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Tuesday, Mar 26, 2019


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