(CNN) – In a week that looked like it would end with widespread criticism of President Barack Obama's debate performance, it instead closed with a slight boost to his campaign with Friday's surprising jobs report, according to a CNN roundtable.
The report, released by the Labor Department, showed that 114,000 jobs were added during the month of September, and that the unemployment rate had fallen to 7.8%, down from 8.1% in August. The jobs report was less of a happy occasion for the president and more of a relief the week did not end with politically harmful jobs statistics, CNN Chief White House Correspondent Jessica Yellin said Sunday on "State of the Union."
New York (CNNMoney) - The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.
"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric.FULL STORY
New York (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department.
A month ago, that report showed businesses added 163,000 jobs in July. Job gains at that level were the strongest in five months, but still were not robust enough to keep up with population growth. The unemployment rate ticked up to 8.3%.
Unfortunately, August doesn't look like it fared much better.FULL STORY
New York (CNNMoney) – Clint Eastwood's biting criticism of President Obama was a big hit with the crowd at the Republican National Convention. But his reading of the nation's unemployment situation missed by a wide margin.
Eastwood's speech on Thursday night mocked supporters of the president like Oprah Winfrey, who cried the night Obama was elected for years ago.FULL STORY
(CNN) - In his weekly podcast, Mitt Romney called out President Barack Obama for weak leadership on the economy, and said that under his administration, "help is on the way."
"Anxiety has never been higher," Romney said in the remarks, noting that unemployment increased in 44 states in the latest week reported. "Another new report out of Washington warns that higher unemployment and a double-dip recession will be a reality next year unless immediate steps are taken to avert what they're calling a 'fiscal cliff.' "
(CNN) - After repeatedly pinning the president for the unemployment level, which now sits at 8.1%, Mitt Romney pledged he could cut the rate by two points if he makes it to the White House.
"I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower," the presumptive GOP nominee said in a TIME interview published Wednesday.
Washington (CNN) - Both the presumptive GOP presidential nominee and the chairman of the Republican National Committee were quick to use April's unemployment numbers to criticize President Barack Obama's job on creating jobs.
"It's a terrible and very disappointing report this morning. Clearly the American people are wondering why this recovery isn't happening faster, what's taking years and years for the recovery to occur. And we seem to be slowing down, not speeding up. This is not progress," Mitt Romney said Friday in an interview on Fox News.
New York (CNNMoney) – The unemployment rate unexpectedly fell in April as workers dropped out of the labor force and hiring slowed.
The economy added 115,000 jobs in the month, the Labor Department reported Friday, down from March when the economy added 154,000 jobs.FULL STORY
(CNN) – Following up on the sluggish job numbers released Friday, the White House maintained the economy is still undergoing growth.
"There is more work to be done, but today's employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression," said Alan Krueger, chairman of the Council of Economic Advisers, in a statement.