May’s job numbers were pretty dismal—just 54,000 private-sector jobs gained, and the unemployment rate up a tick to 9.1 percent. All signs point toward a very slow recovery on the jobs front, and so the... more ››

Political advantage can be fleeting. A couple of months ago, during the winter quarter, job gains looked to be picking up, unemployment was easing lower, and President Obama's re-election hopes looked more secure. But things sure... more ››

The Obama administration is 0-for-3 in meeting economic expectations. In 2009, President Obama and his advisers believed the bountiful stimulus package would give the economy a strong jolt. It didn’t, and still ... more ››

This quote from the New York Times is getting a lot of attention today:“No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2... more ››

Last week, I noted that various forms of the word "unexpected" almost inevitably appeared in news stories about unfavorable economic developments. You can find them again in stories about Friday's shocking news, that only... more ››