Biz, Politics: Unemployment numbers show Obama’s major hurdle in 2012
- 9.2%unemployment rate, which jumped last month unexpectedly
- 18,000number of jobs added, which is straight-up anemic source
- » Why this stinks for Obama: Early on in his administration, he said it wouldn’t go higher than 8.2%. While unemployment declined for a little while, it’s been steadily going up again. The Obama administration is trying to downplay the issue, but it’s proving difficult, and could prove his major flaw in the upcoming election. It’s an easy target for GOP candidates. Instead of talking about how he’s helped turn the economy around, Obama is going to have to fight back by saying how the Republicans will make it worse, and let’s face it: That doesn’t sound like such a great defense.