The Wall Street Journal reports the U.S. economy is in the proverbial toilet and the stock market put in it's worst numbers of the year.
Employers added a seasonally adjusted 69,000 jobs last month, the smallest increase in a year, and estimates for the two previous months were lowered. The politically salient unemployment rate inched up to 8.2% from 8.1% in April, and the report immediately became a flash point in a presidential race focused on the candidates' job-creating credentials.
Needless to say, Romney blamed Obama for this lack of performance while Obama searched for a silver lining.