Yesterday was one of those wonderful 'day-trips' OS gets to embark upon with his beloved Mrs. OS. We're both soooooo grateful to be happily involved in work and lives that sometimes get too busy, thus it is lovely to have a day together, with a relatively light schedule.
Off we go, driving into the early morning mist with NPR news on, half-listening, when the unemployment figures for June are announced. OS sez with a start, 'Did he just say eighteen-thousand? That can't possibly be right! Gotta be a typo on his script!
Mrs. OS sez 'I heard one-hundred-eighteen-thousand.'
'OK, that's better...man, if it were only eighteen-thousand, that would be awful! The country has to generate at least 150k a month just to keep up with demographics...'
Of course, as the day wore on, the news played again, several times. And the ugly, ugly news sank in. Along with the 'revisions' that halved the numbers of jobs gained in April and May. Remember when the White House staff was crowing about the good news in April? Yep, those numbers...
Of course, we also heard from President Teleprompter, as he attempted to spin the numbers. He attributed the bad news to the fact that the House Republicans won't roll over, play dead, and raise the debt ceiling so he can spend moh munney-hunney.
(And raise taxes on employers while he's at it...)
Ahh, leadership!
Calculated Risk has the news in all its gory detail.
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