Jobs....Fewer Than Expected...Again!

At this point in the recovery, the private sector is supposed to be creating tens of thousands, if not hundreds of thousands, of jobs per month.

Last month's jobs number looked impressive at 431,000 jobs but that was because 411,000 of them were temporary government census jobs. The market was expecting a somewhat modest 100,000 new private jobs. It got a fraction of that figure.

Obamanomics. Get used to it.