At least the weatherman knows the current temperature

The jobs report is, as Felix Salmon notes, pretty dreadful. The payroll and the household surveys agree that the number of jobs fell; and since a large number of people left the labor force, the level of unemployment might well be worse than it looks. I think it's rather unlikely that we'll skirt a recession--if we aren't in one already.

I realize it's a bit unfair to fault Megan for something real economists might also say, but who said life is fair?