POTUS scheduled a chat on the July jobs print by BLS at the ten hour ET from Poland OH, and the expectation last eve was that the OFA had peeked ahead of the print and aimed to boast of good numbers. POTUS has not commented on a jobs report at a release moment since last winter. Wrong again on motive. Jobs print characterized generously as "blah." Rate remains 8.2%. All categories of the most vulnerable employed or underemployed continue to sink (youth, female, minorities, seniors, part-timers). Buzzfeed reported that of the 40 minute long remarks by POTUS, lots of dropped g's along the way as he does when he aims to connect to the common folk), POTUS spent 26 seconds on the jobs report. They were a long, long 26 seconds, as POTUS reorganized the details. The WSJ reported 80,000 jobs added to the private sector. POTUS threw in the 4,000 hires by the Department of Education to announce "84,000" jobs added. POTUS added the ceremonial: we're growing but we can do better. Wrong. This subpar number means we are going backwards, since approximately 150,000 new workers are added to the jobs base each month. "Blah." The official White House response included the colloquial advice that we should not "read too much into it." The official response continued from Alan Krueger, chairman of Obama's Council of Economic Advisers: "While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed." Four more drab jobs numbers Fridays to go till the Election. Does Obama feel lucky?
Factoid of the Campaign: Only half of those who graduated from college since 2006 are now employed full time, a survey said.