Probably because the White House would prefer not to talk about this:
The number of Americans filing claims for unemployment benefits barely fell last week, a government report showed on Thursday, suggesting the labor market was struggling to regain momentum.
Initial claims for state unemployment benefits slipped just 1,000 to a seasonally adjusted 428,000, the Labor Department said. Economists polled by Reuters had forecast claims dropping to 420,000. The prior week’s figure was unrevised at 429,000.
It was the 12th straight week that claims have been above 400,000, a level that is usually associated with a stable labor market. Employment stumbled badly in May, with employers adding just 54,000 jobs—the fewest in eight months.
“Payroll growth is going to be more like last month’s rather than first three months of the year,” said Troy Davig, senior U.S. economist at Barclays Capital in New York.
There is a reason, after all, why this President–despite the general weakness of Republican Presidential candidates–remains vulnerable in 2012.