As I said yesterday, while I wasn't rooting for a bad economy I was somewhat rooting for a bad-sounding measurement of the economy. There's no contradiction here as measurement is imperfect and the unemployment number specifically bounces around quite a bit. The worry is that momentum for an aggressive jobs bill is lost. Obviously I could be completely wrong about everything and an aggressive jobs bill isn't needed, but our
Fed chair doesn't seem to be too concerned about the unemployment rate, so...
