Tuesday, July 10, 2012

Job Weakness Starts to Shape Election Tone

It is increasingly apparent what the economy will look like when President Obama faces voters in November: pretty much what it looks like today.

And that picture, a report from the Labor Department made clear on Friday, is far from the booming job growth that prevailed only a few months ago. In June, the economy added a meager 80,000 jobs, and the unemployment rate remained at 8.2 percent. 

Early this year, optimists buzzed that the jobless rate might touch below 8 percent by the election, a milestone that would be a major symbolic victory for the incumbent. Then employment growth slowed in March and took a turn toward the paltry in April and May. 

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