Unemployment and presidential elections: Will Obama buck history?

US President Barack Obama calls a volunteer from a campaign office in Chicago, Illinois, on election day, November 6, 2012. US polling stations opened on November 6, with Democratic incumbent Barack Obama and Republican challenger Mitt Romney locked in a tight presidential contest after a burst of last-minute campaigning. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)


Unemployment and presidential elections: Will Obama buck history?

Win or lose, the U.S. economy will play a deciding role in whether President Barack Obama is re-elected to the nation’s highest office. When he took office in January 2009, the national unemployment rate was 7.8 percent. The rate continued to tick upwards and hit its highest point during Obama’s term at 10 percent in October 2009. The latest monthly jobs report shows a rate of 7.9 percent for October, higher than the month in which he was inaugurated. Since …

View “Unemployment and presidential elections: Will Obama buck history?” on Spundge

Comments are closed.