Jobs report gives Obama much-needed boost
President Barack Obama celebrated much-needed good economic news Friday as the unemployment rate dropped to its lowest level since he took office. “We are moving forward again,” he boasted. Republican rival Mitt Romney retorted the president still hasn’t done enough to help millions of people who are out of work.
The figures announced by the Labor Department - 114,000 new jobs last month to bring the unemployment rate to 7.8 percent - gave Obama fresh evidence on the heels of his disappointing debate performance to argue that his economic policies are working. Romney countered that the country can’t afford four more years of the president’s leadership and argued that the rate is low in part because some people have quit looking for work.
"This is not what a real recovery looks like," the former Massachusetts governor said in a statement shortly after the jobless figures were released. He pointed to millions of people still struggling to find work, living in poverty and using food stamps to feed their families. He also said he would lead a recovery with pro-growth policies for job creation and rising income.
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