Economy

Dreadful job growth in December, weakest in three years. And everybody thought it was going to be great.

"Job creation stumbled in December, with the U.S. economy adding just 74,000 positions even as the Federal Reserve voted to take the first steps in eliminating its stimulus program."

But it gets worse.

"The unemployment rate dropped to 6.7 percent, below economists' estimates and due primarily to continued shrinkage in the labor force."

Yikes.

"Economists had expected the U.S. economy to add 200,000 jobs in December, with the unemployment rate holding steady at 7.0 percent."

Establishment economists are wrong like weathermen.

The number of Americans not working hits record 91.8 million. Workforce participation rate drops to 1978 level.

Record number of women not in workforce. Obama, like all Democrats, is supposed to care about women.

In a reminder that the stock market is completely divorced from the economy, the stock market is up despite the report.

Nevada's biggest casinos lose $1.3 billion combined, the fifth year in a row of losses.

China surpasses US as world's leading trading nation.