Karl Singer is writing Wonkbook this week while Ezra is on vacation.
Wonkbook dashboard
RCP Obama vs. Romney: Obama +2.3%; 7-day change: Obama +0.4%.
RCP Obama approval: 48.0%; 7-day change: -0.2%.
Top stories
1) Happy jobs day! "Jobs growth probably snapped back in May from weather-related distortions that had slowed hiring, suggesting the economy was still expanding moderately despite strong headwinds from Europe. Employers probably created 150,000 jobs last month, according to a Reuters survey of economists, after generating a paltry 115,000 positions in April - the fewest in six months. That would bring nonfarm employment growth closer to its 176,000 a month average of the past three months and temper fears that economic activity could be stagnating...If the forecasts are accurate, the government's jobs report on Friday could shore up confidence that has been shaken by a raft of soft regional factory surveys and a worsening of the debt crisis in Europe...Analysts say the economy needs to create roughly 125,000 jobs a month just to keep the unemployment rate steady. While the jobless rate has dropped by 1 percentage point since August, that has largely been due to people leaving the labor force." Lucia Mutikani in Reuters.
Source: http://feeds.washingtonpost.com/click.phdo?i=b8146aef80048fe18cf4eebbdde96d88
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