No virtual front page today, because there’s not much I’d willingly put on a front page. The biggest story of the day by far is the softer-than-expected jobs numbers — which, combined with bad news out of Spain, has sent global markets plunging.
(The only thing competing for the front with that is Hillary Clinton talking tough to China and Russia about Syria. I might do a separate post about that.)
The BBC does the basic overview:
US shares have fallen after official data showed firms had created only 80,000 new jobs in June, leaving the jobless rate unchanged at 8.2%.
Job creation remains below the 100,000 judged necessary by the Federal Reserve for a stable job market, according to the US Labor Department.
Shares slipped after the news, with the opening Dow Jones index falling 1%.
President Barack Obama said the rise in employment was “a step in the right direction”.
Campaigning in the swing state of Ohio on Friday, President Obama acknowledged that “it’s still tough out there” for ordinary Americans…
Republican White House candidate Mitt Romney said from Wolfeboro, New Hampshire, that the jobs data underlined the need for a new president, adding “this kick in the gut has got to end”…
Other angles include:
- String of Weak Jobs Reports Likely to Set Tone for Voters (NYT)
- Obama Promotes a Long View on Jobs (NYT)
- Jobs Report And Politics: The Monthly Spin Cycle (NPR)
- Jobs report makes it tougher for Obama to tout progress (WashPost)
As you can see, the political angle is getting heavy play. Although the Post did manage to show some concern for the actual economy in its lede headline: Weak jobs report adds to worry of faltering recovery.