terrible. Almost 250,000 jobs added to the economy in April, and the numbers for February and March are revised upward, respectively, by 41,000 and 5,000. The unemployment rate rises from 8.8 percent to 9.0 percent, but we can point to optimism for some of that, because we see "989,000 discouraged workers inApril, a decline of 208,000 from a year earlier." All this despite the pressure of gas prices!
UPDATE: Eric Cantor comes out on message:
With regard to the upcoming debt limit vote, at a time when we borrow 40
cents of every dollar we spend, any move to raise the debt limit must be accompanied by immediate spending cuts and binding reforms so that we don’t continue to push our country down the road to bankruptcy. We need real cuts and real reforms today without raising taxes so that we can begin to get our fiscal house in order, boost the economy and get people back to work.
It seems like ages ago when Democrats were citing economists to say that spending cuts hurt growth.
TODAY IN SLATE
The Ebola Story
How our minds build narratives out of disaster.
The Budget Disaster That Completely Sabotaged the WHO’s Response to Ebola
PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer
The Shooting Tragedies That Forged Canada’s Gun Politics
A Highly Unscientific Ranking of Crazy-Old German Beers
Welcome to 13th Grade!
Some high schools are offering a fifth year. That’s a great idea.
The Actual World
“Mount Thoreau” and the naming of things in the wilderness.