April Employment Report Is Bad News for Team ObamaVeloCity said:Still a long way to go, but already Romney is in a bit of spot:
Indiana and NC are in play, but I don't think VA will be - poll out of VA yesterday had Obama up 51-44, but more notably, those numbers haven't changed in a year - a WP poll this time last year had Obama over Romney at exactly the same level, 51-44, in VA.
The latest jobs report is bad news for the economy and for the Obama administration. April’s disappointing payroll numbers confirm that the economy is slowing again on the heels of a winter in which the recovery appeared to be finally picking up steam.
If job growth continues at this rate, unemployment will remain at or above the politically important 8 percent level before Election Day, according to Hamilton Place Strategies’ Patrick Sims. Sims calculates that it will take monthly payroll growth of 176,000 to get the rate below 8 percent by November--unless more Americans drop out of the labor force or stop looking for work. That’s what caused the April headline unemployment rate to fall from 8.2 percent to 8.1 percent; labor-force participation is now at its lowest point in 31 years. That’s not the story an incumbent wants to tell.
http://news.yahoo.com/april-employment-report-bad-news-team-obama-095803610.htmlThere is little good news for the Obama administration to point to. The number of long-term unemployed, the plight of which has dogged the White House, remained staggering and largely unchanged at 5.1 million and 41.3 percent of the total unemployed. The economy seems now to be treading water, rather than surging forward.
And this is why BO will get beat.