It's President Obama's line against Republican economics.
It also works for Republicans talking about Obama's tenure.
Each month that the economy produces fewer jobs than are needed just to keep pace with population growth adds to the burden the president faces as the clock ticks toward November.
A quick turnaround doesn’t appear likely, given recent analyses. The Federal Reserve’s latest assessment projecting slower growth than previously forecast bodes ill for the incumbent. The tenuous situation in Europe threatens to cause more problems here at home, with Obama’s leverage limited. Manufacturing, which had been a relatively bright spot, doesn’t look quite as good now, based on recent reports.