Latest jobs report could means bad news for Obama

To view this site, you need to have Flash Player 9.0.115 or later installed. Click here to get the latest Flash player.

October 5, 2012, 6:27 am
Print Article

(NECN/NBC News – Brian Mooar, Washington) - The latest jobs report comes out on Friday, and it's probably not good news for President Barack Obama.

Economists are predicting that the economy created a less-than-impressive 115,000 jobs last month.

And with that, the unemployment is expected to tick up a point to 8.2 percent.

But even if it's not great news on Friday, it could be worse.

Friday’s jobs report marks the second-to-the-last before Election Day and offers a critical snapshot of an economy that's been stuck in low gear.

According to David Cay Johnston, author of The Fine Print and President of Investigative Reports and Editors, “Whatever the numbers are, the Romney campaign is going to cite them as evidence that President Obama's policies are failing."

As Romney himself said, "The president is trying to convince people he's doing really well. He is not."

In an effort to build on the momentum of Wednesday night's debate, Romney is attempting to reverse his fortunes in battleground states like Ohio, where he has fallen behind.

In one advertisement running in Ohio, Romney says, "Under President Obama, we've lost over half a million manufacturing jobs, and China has passed us in manufacturing.”

Meanwhile, the president argues that Republicans are offering nothing new.

"It's not a plan for our economy, it's not a plan for the middle class,” Obama said. “It's not change, it is a relapse. And we're not going to do it."

The latest jobs report offers cold, hard facts certain to be the subject of heated debate, and the next jobs report comes out four days before the election.

Tags: Barack Obama, Mitt Romney, jobs report, unemployment rate, presidential election, NBC News, Brian Mooar
Workers' revolt at supermarket chain has led to empty store shelves, angry customers
Prosecutors filed motion asking for permission to test samples of evidence with "limited biological material'
Delly Ireland of Portsmouth, NH will be arraigned on Monday