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Friday, June 1, 2012

Bad Unemployment News

It doesn't matter what Barack Obama smoked in high school, what Mitt Romney did to his dog, or what a wacko billionaire says about Hawaiian birth certificates.  If the economic news stays this bad, Obama losesFrom Bloomberg:
American employers in May added the smallest number of workers in a year and the unemployment rate unexpectedly increased as job-seekers re-entered the workforce, further evidence that the labor-market recovery is stalling.

Payrolls climbed by 69,000 last month, less than the most- pessimistic forecast in a Bloomberg News survey, after a revised 77,000 gain in April that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate called for a 150,000 May advance. The jobless rate rose to 8.2 percent from 8.1 percent, while hours worked declined