August's jobs report is out and some economists don't believe the numbers. “I don’t believe the numbers,” said Tim Hopper, chief economist at TIAA-CREF. “Not only are they very weak, they just don’t match anything else that’s in the market right now.” Yes, it's difficult to believe. Economists may have been wrong? Impossible. The long and short of it is, experts predicted a gain of 200,000 jobs and we ended up creating only 142,000. The official unemployment rate dropped from 6.1% to 6.1% - but the usual explanation, that more discouraged workers dropped out of the workforce, is the excuse. Washington Post: Still, the new data are sure to be an unwelcome piece of news for the White House and national Democrats, who have been pressing the economy’s rebound as a central justification for keeping the Senate in Democratic hands in November’s mid-term elections. “The White House can continue to...(Read Full Post)