Related Content: economy

Secret Report: Confidential Jobs Data Could Be Leaked

Essential Reads

A secret government report on security procedures surrounding the release of market moving monthly jobs numbers found “unexamined flaws in the process” that potentially put the data at risk of disclosure, according to a new letter obtained by CNBC.

PBS NewsHour: Families' Plummeting Wealth Reflects 'Deep Mess' Americans Face

Web content

The net worth of the median American family fell nearly 40 percent from 2007 to 2010, the Federal Reserve reported this week. Gwen Ifill discusses the effects of and the reasons behind the precipitous decline in wealth with Paul Taylor of the Pew Research Center and Robert Shapiro of Sonecon, an economic advisory firm.

Three Iron Truths of the (Not-Fine) Recovery

Essential Reads

The U.S. economy is not doing fine. Not in the private sector, and especially not in the public sector. President Obama was wrong to say otherwise – that the private sector is fine – last week. Mitt Romney was wrong to suggest laying off teachers and firefighters hasn’t hurt. And congressional Republicans are wrong to say the whole situation would improve if we just had more “certainty” around taxes and regulations.

Obama Campaign’s Rough Patch Concerns Some Democrats

Essential Reads

Is it time for Democrats to panic? That’s what a growing number of party loyalists are wondering, amid a rough couple of weeks in which President Obama and his political operation have been buffeted by bad economic news, their own gaffes and signs that the presumed Republican nominee is gaining strength.

Dems, GOP Warily Eye News of Falling Family Wealth

Essential Reads

Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years. The economic report, released just as the presidential race is heating up, was stunning: The Great Recession shrank Americans’ wealth so much that, in 2010, median family net worth was no more than it had been in 1992 after adjusting for inflation.

PBS NewsHour: Political Checklist: President's Economic Comments Under Scrutiny

Web content

PBS NewsHour senior correspondents Gwen Ifill and Judy Woodruff discuss how President Obama's remarks about the economy Friday continue to be fodder on the campaign trail. Gwen noted that some politicians' comments seem to resonate longer than others, and we observed that many voters aren't yet tuned in to the political chatter that will surely dominate by this fall.

Obama's Re-Election Woes

Essential Reads

Depending on what degree the European crisis hits U.S. exports, and depending on the severity of the so-called fiscal cliff, the U.S. GDP could face a huge decrease. Sam Seder, "Majority Report" host; Tony Fratto, former White House deputy press secretary; Jennifer Rubin, Washington Post; and CNBC's John Harwood, offer insight.

Ohio's Job Growth Doesn't Guarantee an Obama Win

Essential Reads

The nation's unemployment rate of 8.2 percent may sink President Barack Obama's re-election bid, but one detail brightens his hopes. About 10 battleground states will decide the election, and seven of them have employment levels that beat the U.S. average.

A 'Fine' Mess. Even Obama Loyalist Winces at Obama's Take on Private Sector

Essential Reads

When Jared Bernstein, Vice President Biden's former top economist, began reviewing notes of President Obama's press conference on Friday, he stopped cold when he read "the private sector is doing fine." "It caught my eye," Bernstein told National Journal. Bernstein immediately fired off an email to the intern who took the notes to make sure it was accurate and not a rough or garbled translation. "I thought, 'Did he really say that?'" To his dismay, the intern wrote back that those were Obama's words. Verbatim.

Romney Adviser Takes U.S. Political Debate Overseas

Essential Reads

A senior economic adviser to Mitt Romney criticized President Obama and his policy toward crisis-torn Europe, and Germany in particular, in an op-ed article in a leading German newspaper on Saturday, raising the question of the propriety of taking America’s political fights into international affairs.