Obama’s Chances Decline With Unemployment Numbers

Friday, 06 Jul 2012 09:15 AM

By David Alliot

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With unemployment mired at 8.2 percent, President Barack Obama’s re-election bid seems much more distant.

Payroll added an anemic 80,000 jobs for June, and the unemployment rate remaining unchanged. Economists predicted a 100,000 jobs gain, according to a Bloomberg report.

Not counting government employment, the private picture looks grim — 84, 000 jobs were added — the lowest amount in 10 months. The president needs to track a steady upward trend economic improvement; a picture of stagnation and erratic down trends worsen his chances dramatically.

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