Unexpectedly, 25% and 2%, Creates 0% of Jobs

By the time this column is published you will know the number of non-farm payroll jobs gained or lost in April according to the BLS. On Wednesday ADP projected 119,000 gained. The main stream media went immediately into their ‘unexpected’ mode.

OMG these numbers were ‘unexpectedly’ weak. For the main stream nim-Bobs it’s panic time. What will this do to Obama’s reelection chances? The editorial rooms will be a bee hive of activity attempting to figure out how they can spin these pitiful numbers to look good. But there may be help on the way.

Here’s my...