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Keyword: electionhopes

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  • Latest jobs data is blow to Obama election hopes (Obama 'deflation' a work in progress?)

    08/07/2010 7:48:18 AM PDT · by NormsRevenge · 21 replies
    AFP on Yahoo ^ | 8/7/10 | Tangi Quemener
    WASHINGTON (AFP) – The latest grim data on unemployment has dealt a new blow to President Barack Obama as he struggles to maintain his party's majority in Congress in November elections. Obama, who has been hurt by the Gulf of Mexico oil disaster, has been scrambling to highlight his economic management in helping lift the US economy out of its worst slump in decades. But the latest data released Friday showed the recovery is sputtering: A Labor Department report showed 131,000 jobs were lost in July and the unemployment rate remained stuck at 9.5 percent, .. The private sector created...