This morning’s March jobs report is the worst possible news for Kerry. The consensus estimate was for 123,000 jobs; the wildest optimists thought it might be as high as 200,000. But the number is (drum roll please): 308,000. (And it is possible this might be revised upward in a few weeks.) The stock market is poised for a monster upmove on the opening because of this news.
Kerry and gang can’t say this is a "jobless recovery" any more. But I’ll bet they try anyway.