May 5, 2012

SandBoxBlogs: The Atlantic "Jobs Report Brings Bad News for Team Obama"

Catherine Hollander:
"The latest jobs report is bad news for the economy and for the Obama administration. April's disappointing payroll numbers confirm that the economy is slowing again on the heels of a winter in which the recovery appeared to be finally picking up steam.

If job growth continues at this rate, unemployment will remain at or above the politically-important 8 percent level before Election Day, according to Hamilton Place Strategies' Patrick Sims. Sims calculates that it will take monthly payroll growth of 176,000 to get below 8 percent by November -- unless more Americans drop out of the labor force, or stop looking for work. That's what caused the April headline unemployment rate to fall from 8.2 to 8.1 percent; labor force participation is now at its lowest point in 31 years. That's not the story an incumbent president wants to tell....."  (Read more? Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

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