Jobs report

• Because Washington remains deeply divided over how best to stimulate growth, the report increases the pressure on the Federal Reserve to take further action on its own.
(New York Times)
• Economists are growing pessimistic about prospects for the U.S. economy following a lousy May jobs report. (It is the dismal science, after all.) The unemployment rate rose to 8.2% last month, while employers added just 69,000 jobs.
(Los Angeles Times)
• The suddenly dismal news on American jobs is a blow to President Barack Obamas re-election argument that he has been a steward of recovery. Its heightened White House anxiety over global threats to U.S.
(AP - msnbc.com)
• OK. In my last update I vented about how political gridlock got us here and threatens to keep us here. But remember, this is America! We dont lie down, throw up our hands, point our fingers, and give up! We roll up our sleeves and try to fix stuff.
(Huffington Post)
• The dismal report by the Labor Department showed a net gain of 69,000 jobs in May and an unemployment rate of 8.2 percent, up from 8.1 in April.
(New York Times)
• The jobs data "keeps the focus on the president's performance and on the Obama record," said Stu Rothenberg, editor of the nonpartisan Rothenberg Political Report in Washington.
(Bloomberg)
• WASHINGTON (Reuters) - A grim jobs report put President Barack Obama on the defensive over the weak economy on Friday with Republican opponent Mitt Romney quickly seizing on what he called devastating news on the top issue for American voters.
(Reuters)
• You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent GDP, which was the revised first-quarter number.
(Article.nationalreview.com)
• On Wednesday, one of the most important voices on the Federal Reserve's policy-making committee strongly indicated that the Fed was unlikely to expand its extraordinary campaign to stimulate the economy.
(New York Times Blogs)