Unemployment Still Tops 8% In August Jobs Report
CHARLOTTE, N.C. (AP) — His convention over, President Barack Obama ran smack into the harsh reality of a bleak new report on the nation’s unemployment outlook Friday. Republican rival Mitt Romney pounced on the disappointing jobs figures as fresh evidence that it’s time to put someone new in the Oval Office.
Obama and Romney shadow each other Friday: Both campaign in New Hampshire and Iowa, improbable battleground states in the too-close-to-call race. Their campaigning was sure to be dominated by the new Labor Department report showing that U.S. employers added just 96,000 jobs last month, failing to meet expectations.
The unemployment rate fell to 8.1 percent from 8.3 percent in July, but only because more people gave up looking for work.
“After 43 straight months of unemployment above 8 percent, it is clear that President Obama just hasn’t lived up to his promises and his policies haven’t worked,” Romney said in a statement issued as he flew to Iowa. “We aren’t better off than they were four years ago. My plan for a stronger middle class will create 12 million new jobs by the end of my first term. America deserves new leadership that will get our economy moving again.”
On the morning after Obama’s closing speech at the Democratic National Convention, Romney said: “If last night was the party, this morning is the hangover.”
Obama, heading for New Hampshire, made a low-profile departure from his convention city. He left it to Alan Krueger, chairman of his Council of Economic Advisers, to frame the jobs report as “further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.”
“It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007,” Krueger said in a statement.
Krueger added that it was “important not to read too much into any one monthly report.”
Republicans chose to ignore that advice.
“This is not even close to what a recovery looks like,” GOP vice presidential candidate Paul Ryan said in an interview on CNBC. “I would argue this is the result of failed leadership in Washington, bad fiscal policy coming from the administration.”
Party leaders in Congress released statements offering rival spin on the meaning of the figures.
House Speaker John Boehner, R-Ohio, said the report “underscores President Obama’s failed promises to get our economy moving again.”
House Democratic leader Nancy Pelosi said Obama and the Democrats had plenty of plans to create more jobs and boost the economy but Republicans “keep standing in the way of growth and certainty for our economy.”
Obama campaign adviser Robert Gibbs was up early to pronounce that the Democratic convention had achieved its goals. Speaking before the jobs numbers were released, the adviser said the president “understands we still have a long way to go” to strengthen the economy.
Gibbs acknowledged there’s a far different dynamic to this race than the excitement and novelty that were associated with Obama’s historic first run for the White House.
“This isn’t 2008, we understand that,” he said on “CBS This Morning.”
The November election could turn on whether voters see the economy as improving, remaining stagnant or getting worse under Obama.
Friday’s numbers gave both campaigns something to work with. Supporters of the president focused on the drop to 8.1 percent, suggesting it shows the economy is on the mend, if slowly. Republicans kept their eyes on the raw job numbers.
Either way, the numbers suggest that not much has happened over the past month to change the overall picture of a painfully slow recovery.
Romney and the Republicans argue that three years of unemployment above 8 percent and minimal economic growth are valid reasons to fire Obama after one term. The incumbent contends that, having inherited one of the worst economic crises in history, he needs more time to turn the nation around.
“I won’t pretend the path I’m offering is quick or easy. I never have,” Obama told Democrats at their convention Thursday night. “You didn’t elect me to tell you what you wanted to hear. You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades.”
For the candidates, the two months to Nov. 6 promise a high-stakes mix of debates, multiple appearances in a dozen battleground states and hours of campaign speeches. Both will be scrapping for the precious commodity of electoral votes to reach the winning number of 270, leaving no competitive state quiet this fall. The airwaves will be inundated with ads from the campaigns and outside groups, with Romney likely to have more money to spend.
The GOP nominee has new ads running in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia — mapping out many of the key battleground states where the race will play out. His campaign has purchased about $4.5 million in television advertising for the next several days, according to officials who track such spending.
The themes of those ads — deficit, home values, defense, over-regulation, manufacturing, energy, families — offer a preview of some of the issues sure to dominate the conversation in coming weeks.
Obama and Vice President Joe Biden, along with their wives, campaign Friday in New Hampshire — it offers four electoral votes — and Iowa — six votes — before the president ends the day in Florida, the highest-count swing state with 29.
While Romney hits Iowa and New Hampshire, too, his wife, Ann, presses for votes in Virginia — 13 electoral votes — and his running mate, Ryan, focuses on Nevada — six votes. The battleground list includes Colorado, Ohio, Pennsylvania and Wisconsin.
In his prime-time speech Thursday night, Obama cast the election as a stark choice of competing visions about the country and the role of government. He described a nation where the government bailed out desperate automakers, a move Romney opposed, and saved thousands of jobs. Obama contrasted that with a Republican approach that he argued sees tax cuts as a solution to all problems and focuses on the individual.
“Have a surplus? Try a tax cut. Deficit too high? Try another. Feel a cold coming on? Take two tax cuts, roll back some regulations and call us in the morning,” Obama said in a mocking tone.
Patience was the watchword at the three-day Democratic convention in Charlotte as delegates roared through Obama’s speech and frequently chanted “Four more years.” Romney also talked about patience at the Republican gathering in Florida last week, but he said America had run out of it.
“Americans have supported this president in good faith. … The time has come to turn the page,” the GOP nominee said in his convention speech.