Just the other day, in Elkhart Indiana, President Obama stood in front of a crowd and said:

“By almost every economic measure, America is better off than when I came here at the beginning of my presidency,” President Obama told the people of Elkhart, Indiana three days ago. “We cut unemployment in half, years before a lot of economists thought we would.”

Oh really? Seriously? We are economically better off? Yes, he said that and more…

Well, sorry to say – but Obama? Your victory lap just did an epic face plant.

The addition of 38,000 workers, the fewest since September 2010, followed a 123,000 advance in April that was smaller than previously estimated, a Labor Department report showed Friday. The increase in May was less than the most pessimistic forecast in a Bloomberg survey. The jobless rate dropped to 4.7 percent, the lowest since November 2007, as Americans left the labor force.

Key words in that paragraph are: fewest, smaller, less than, and lowest. The numbers are SO positive aren’t they? Keep in mind that figure of 38,000. That was the total of new jobs added in May. Analysts across the industry had estimated 158,000 new jobs. Pretty wide disparity there isn’t it?