CHARLOTTE, N.C. (AP) — President Barack Obama emerged from the euphoria of his party's convention Friday and ran smack into the harsh reality of a bleak new report on the nation's unemployment outlook. 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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
