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Economy v. Favorability in Campaign 2012

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CBS News Chief White House Correspondent Norah O'Donnell and CBS News Political Director John Dickerson on the real issues in Campaign 2012.

Seeking the Missing Five Million Workers

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In the past two years, the over-age-16 population of U.S. has grown by 5.4 million. But the "labor force" hasn't grown at all. David Wessel on The News Hub looks at what's behind the drop and why you should care.

Asked About Gay Rights, Boehner Sticks to Economy

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One day after President Barack Obama roiled the political world by declaring his support for gay marriage, House Speaker John Boehner (R., Ohio) Thursday seemed determined to keep his distance from the subject. Pressed on the gay marriage issue at his weekly press conference, Mr. Boehner repeatedly tried to steer the discussion back to the economy.

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The Pace We've Come to Expect

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For the second month in a row, America’s labour market has disappointed, once again raising questions about whether the economic recovery is truly entrenched. Nonfarm payrolls rose just 115,000 in April from March. While the unemployment rate dipped to 8.1%, the lowest since early 2009, from 8.2%, it did so for the wrong reason: the labour force (those working or looking for work) shrank by 342,000.

'Forward' Starts in Reverse; Obama Campaign Anchors 2012 Message to Economic Deluge of 2008

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The first 38 seconds of President Obama's new 7-minute campaign video are devoted to the economic deluge he inherited. Team Obama doesn't blame President Bush's administration for this bitter economic bequest by name, but the inference is inescapable.

Fewer Americans Form Households After Recession, Hampering Economic Recovery

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It had been a long road, but when Sabrina Torres received her master’s degree in 2010, she was sure it would eventually pay off in a good job that would allow her to afford an apartment. She is still waiting. The American University graduate’s financial struggles have prevented her from living on her own, making her part of a dramatic slowdown in household formation that is both a consequence of the economic downturn and a continued obstacle to overcoming it.

PBS NewsHour: Jobs, Student Loan Help Focus of Obama, Romney Pitches to Young Voters

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Hoping to appeal to youth voters, President Obama spoke Tuesday on the rising cost of higher education while Mitt Romney criticized his record on job creation. Gwen Ifill, the Democratic National Committee's Patrick Gaspard and the College Republican National Committee's Alex Schriver discuss campaign outreach to young voters.

Raise the Minimum Wage

On The Radar

Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.
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World Economy Highly Unstable

On The Radar

The IMF is raising its forecasts for global growth from levels it expected in January, but there is still a "high degree of instability" in the world economy, Managing Director Christine Lagarde says in an interview with the WSJ's David Wessel.

The Buffett Rule Won’t Get You a Job

On The Radar

On the seventh and final page of its background report on the "Buffett Rule," out this morning, the Obama administration finally dives into what it calls “the economic rationale” for imposing a new minimum tax rate on millionaires. If you’re an unemployed American, that placement should be your first red flag. The second should be the rationale itself.
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