The historical relationship between non-farm payroll growth and the pct of vote received in a reelection campaign is very strong. This relationship suggests the President needs to reach 1.1 pct growth to reach the magic 50 pct threshold. After today’s report, the relationship suggests 340k jobs would need to be created next month. The current trajectory suggests the President will receive 49 pct of the two party vote.
Also of Interest
The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
Ferguson's blooper on Keynes
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.
The upside of economic pessimism
The disappointing first-quarter GDP report dashed hopes that 2013 might prove a breakout year for the U.S. economy.