Joining us now to talk about today's jobs numbers is Alan Krueger. He's the chairman of the White House Council of Economic Advisers. Welcome.
ALAN KRUEGER: Thank you.
SIEGEL: Is it fair to say that the good news here, the lower unemployment rate is produced by bad news, so many people leaving the workforce and that 96,000 jobs in a month is a discouraging jobs report?
Melissa Block talks to Robert Farley, deputy managing editor of FactCheck.org, to truth squad some of the comments made Thursday night by President Barack Obama and Vice President Joe Biden at the Democratic National Convention in Charlotte, North Carolina.
With the conventions over and the latest jobs report out, both President Obama and Mitt Romney were on the road Friday. Mr. Obama began in New Hampshire and ended in Iowa, and his Republican challenger did just the opposite.
The "Bumper Car Psychos" are easy to spot. While the other bumper cars at New Jersey's Keansburg Amusement Park spin wildly from one collision to the next, the Psychos cruise gracefully around the track, grinning from ear to ear as they slam their targets into the wall.