The new jobs report on Friday came as a bad news for President Obama and good news for his rivalwho didn’t let the opportunity go without slamming the president’s policies for all the misery in U.S.A today. The weak jobs report returned the presidential campaign tête-à-tête to the slothful economy, giving Romney amnesty from numerous weeks of scuffle with Obama on other issues.
The jobs report revealed that the national unemployment rate stayed constant at 8.2% throughout June, a third consecutive month of pathetic growth that economics experts believe could road into a yearlong drift.
Romney called the joblessness rate “unacceptably high” and held Obama responsible for not coming up with polices that would kick-start the sluggish economic revival.
“The president’s policies have not gotten America working again, and the president’s going to have to stand up and take responsibility,” he said from Wolfeboro, N.H., where he is vacationing, according to the New York Times.
The jobs report suggests that just 80,000 new jobs were created in June, falling well short of the glowing anticipations that hooked the new jobs creation at 100,000 to 125,000 positions — or in essence the growth that would be required to maintain tempo with the budding labor market. Moreover, in the black community, the joblessness rate climbed to a superbly lofty 14.4 percent.
The presumptive Republican presidential candidate kept his delight in check and displayed a very serious appearance while calling for change in Washington. Yet, he quickly pointed out that the joblessness rate has held steady above 8 percent in every month since Feb. 2009.
“We have seen the jobs report this morning and it is another kick in the gut to middle-class families,” said Romney, according to the NY Daily News. “There is a lot of misery in America today,” he added.
President Obama said the new jobs created were progress in the right direction. He cited the 4.4 million jobs created in the last twenty eight months, but admitted that the pace of economic recovery was not satisfactory, which was underscored by the latest jobs report.
“We can’t be satisfied because our goal was never to keep on working to get back to where we were in 2007,” Mr. Obama said at an event in Poland, Ohio. “We’ve got to grow the economy even faster. And we’ve got to put even more people back to work.”