This is Bloomberg Opinion Today, a possibly bogus trend of Bloomberg Opinion’s opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily newsletter here .

Here is something that sounds like bad news, but is actually good news — that might still be bad news for Joe Biden. I know: It’s a lot. Let’s unpack it. “The US jobless rate climbed to a two-year high in February,” writes Bloomberg News’s Augusta Saraiva, “the report illustrates a labor market that is gradually downshifting, with more moderate job and pay gains.” Here is why it is good news:

QOSHE - Even a Winning Jobs Report Is a Loser for Biden - Tobin Harshaw
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Even a Winning Jobs Report Is a Loser for Biden

5 8
10.03.2024

This is Bloomberg Opinion Today, a possibly bogus trend of Bloomberg Opinion’s opinions. On Sundays, we look at the major themes of the week past and how they will........

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