Gloomy jobs report haunts race with 60 days left
The August jobs data show only 96 000 new hires and an unemployment rate of 8.1 percent, fueling campaign attacks as Romney derides the convention hangover while Obama emphasizes a 30 month job-adding streak. Both head to swing states Iowa New Hampshire and Ohio as voters weigh growth hopes. The report underscores a fragile recovery and tight race with 60 days until the election.
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August Jobs Slump Dims Hopes For Hiring Rebound
U S August payrolls rose just 96 000 far below July 141 000 as unemployment fell to 8 1 percent only because many dropped out of the labor force. The report rouses Fed pressure and signals a sluggish recovery.
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Joel Naroff
Naroff Economic Advisors
Weak jobs report worsens Obama bid in battleground states
The August jobs data show only 96,000 new positions, unemployment sliding from 8.3 to 8.1 percent as participation falls, prolonging the crisis narrative. Romney argues policy failures suppress growth while analysts warn recovery will take months or years.
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Heidi Schierholz
Economic Policy Center
Obama
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