September 8, 2012

DEMOCRATS PROBABLY SHOULDN'T HELP MAKE THIS ELECTION ABOUT JOBS:

WEAK JOBS REPORT DELIVERS BLOW TO OBAMA (TOM RAUM, 9/07/12, ASSOCIATED PRESS)

"The broad message here is flat, flat, flat," said economist Heidi Shierholz with the labor-affiliated Economic Policy Center.

A disappointing report for one month might be dismissed in normal times as an aberration, she said, "but a stagnant report when the unemployment rate is over 8 percent represents a continuation of the crisis," meaning that getting back to pre-recession employment levels will take many more months, even years.

The bleak news played right into the hands of Republicans, who claim that Obama's policies inhibit job production and have made the economic picture worse. "Did you see the jobs report this morning by the way?" Republican rival Mitt Romney asked reporters in Sioux City, Iowa. "Almost 400,000 people dropped out of the work force altogether. It's is simply unimaginable." [...]

Friday's jobs report complicates the electoral math for Obama and increases the political pressure on his campaign in battleground states with unemployment rates even higher than the national average. Nevada, for instance, has a 12 percent jobless rate, North Carolina has 9.6 percent, Michigan 9 percent, Florida 8.8 percent and Colorado 8.3 percent. Those state figures are all for July, the most recent month available.

Posted by at September 8, 2012 8:24 AM
  

blog comments powered by Disqus
« NOTHING COSTS MORE THAN IT USED TO: | Main | SURE, HE HASN'T BEEN A GOOD PRESIDENT, BUT GOOD ENOUGH?: »