Uh oh: Another bad jobs report coming tomorrow

The White House is girding itself for the release of May employment figures, which will show a relative paucity of private sector jobs created. In a way, the impact of this number has been blunted by expectation-setting and headlines that suggest the recovery might be fizzling. There will be a vigorous presidential response designed to show how engaged the president is. Reporters have been given a 12:01 a.m. embargo regarding its contents, but suffice it to say, it’s a little like putting lipstick on a … bad jobs number.