(CNN) – David Axelrod, senior strategist for President Barack Obama's re-election campaign, said Thursday that a high unemployment rate will not doom the president's chances of remaining in the Oval Office.
"The fundamental issue is how do people feel? Do they feel like we're making progress?" Axelrod told CNN Chief Political Correspondent Candy Crowley. "Do they feel like we're moving in the right direction and do they feel like the person on the other side of the ballot would hold out greater hope."
"I'm very confident that - that we will be in the right place," he added.
Axelrod also predicted that unemployment will improve as Election Day nears.
"I believe we'll make improvement just as we've made - you know, we were at 10.2. It's down to 9. I think that it will go down," Axelrod said.
Catch more of Candy's interview with Axelrod from Chicago this Sunday on CNN's State of the Union.
Watch State of the Union with Candy Crowley Sundays at 9am ET. For the latest from State of the Union click here.