Lots of people are surely looking at today's jobs headlines somewhat puzzled, asking one significant question: How can it be that hiring was much worse than expected in March and the unemployment rate still fell — to 7.6 percent?
The answer isn't a happy one. There are a couple of ways the unemployment rate can fall.
In a bombshell decision on the limits of executive power, a federal appeals court panel in Washington, D.C., has invalidated President Obama's recess appointments to the National Labor Relations Board.
Legal experts say the court's reasoning upends decades of conventional wisdom and deals a big victory to Senate Republicans in an era of congressional gridlock.