Millennium Post

Jobs data to the rescue for Obama

A shock tumble in the jobless rate to the lowest level since Barack Obama walked into the White House, came to the president's rescue today after his drowsy debate performance boosted Mitt Romney.

Labor Department data showing the rate slipping below the psychological eight per cent barrier to 7.8 per cent, after analysts had predicted a slight rise, immediately shook up the campaign narrative a month from election day.

Obama was expected to try to capitalise on the new figures at his first rally of the day in Virginia, before he heads to Ohio, a state that is frequently decisive in deciding who wins the presidency.

But Republican nominee Mitt Romney immediately declared the new jobless figures, which could stamp down any polling boost he wins from a strong debate performance on Wednesday night, did not reflect a "real recovery".


Our contributor helps bringing the latest updates to you

Next Story
Share it