News / USA

Jobless Rate Drop Could Boost Obama

President Barack Obama speaks about jobs and the economy during a tour of an energy-efficient office building renovation near the White House in Washington, December 2, 2011.
President Barack Obama speaks about jobs and the economy during a tour of an energy-efficient office building renovation near the White House in Washington, December 2, 2011.

Friday’s announcement of a drop in the U.S. unemployment rate from nine percent to 8.6 percent is seen by experts as a boost to President Barack Obama’s re-election prospects next year, especially if it becomes a trend.

Jobless Rate Drop Could Boost Obama
Jobless Rate Drop Could Boost Obama

The drop in the jobless rate is the best economic and political news for the White House in months, and President Obama was quick to note the progress during a speech in Washington.

“As president, my most pressing challenge is doing everything I can every single day to get this economy growing faster and create more jobs,” he said.

Economists say the new figures are a good sign but they also note that the jobless rate is down in part because a lot of Americans have stopped looking for work.

Republicans, including House Speaker John Boehner, were cautious.

“Any job creation is welcome news," Boehner said. "But the jobless rate in our country is still unacceptably high.”

Political experts say the economy and jobless rate will be key issues in next year’s presidential election. Voters will hold President Obama accountable if the economy remains weak, said analyst Stuart Rothenberg.

“He either needs to change the economy and the jobs situation and the overall mood of the country, which is very difficult to do, or he is going to need to change the election so that it is not about jobs but is about 'Do you trust the Republicans?  Are the Republicans too scary?'  Then he has a chance for re-election,” Rothenberg said.

The Republicans hoping to win their party’s nomination and run against Mr. Obama next year have largely focused their campaigns on the president’s economic record, including former U.S. House speaker Newt Gingrich.

“If Obama is re-elected and he comes to believe that his radicalism was vindicated despite the economy, despite the deficit, despite everything, I can’t imagine what his second term would be like."

At the moment, Gingrich and former Massachusetts governor Mitt Romney are at the top of public opinion polls measuring support for the eight Republican presidential contenders. Romney continues to emphasize his experience in the private sector.

“I want to go to work to help American businesses again succeed, thrive, add employees," Romney has said during his campaign. "I don’t hate business. I like business!”

A steady trend of improvement in the jobless figures would greatly help the president’s chances of re-election, according to Democratic political strategist Steve McMahon.

“What matters most in a presidential campaign at the end when it comes to the economy is 'do people feel like things are getting better and on a path to getting better, or do they think things are the same or getting worse?'”

Jobless Rate Drop Could Boost Obama
Jobless Rate Drop Could Boost Obama
McMahon and other Democrats hope Mr. Obama can follow the example of former president Ronald Reagan.

Mr. Reagan won a sweeping re-election victory in 1984 even with the unemployment rate at 7.2 percent, largely because voters believed the country was headed in the right direction.

On the other hand, a jobless rate of more than seven percent can be politically lethal. Incumbent presidents Gerald Ford, Jimmy Carter and George H.W. Bush all lost their election bids when the unemployment rate was 7.4 percent or higher.

You May Like

Ukraine: Mysterious 'Roaming Tank' Reportedly Takes Aim at Smugglers

Ukraine's TV, print media, Facebook abuzz with reports a 'roaming tank' is on the loose, destroying vehicles of those involved in smuggling More

US Wildlife Service Begins Probe of Killing of Cecil the Lion

Minnesota man accused of killing beast is in hiding, has been asked to contact US officials; White House to review extradition petition More

Video Kerry Five-Nation Tour to Cover Security, Iran Nuclear Deal

Secretary of state will visit Egypt, Qatar, Singapore, Malaysia, Vietnam to discuss security issues, Iran nuclear deal, Trans-Pacific Partnership More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Booming London Property a ‘Haven for Dirty Money’i
X
July 29, 2015 9:34 PM
Billions of dollars of so-called ‘dirty money’ from the proceeds of crime - especially from Russia - are being laundered through the London property market, according to anti-corruption activists. As Henry Ridgwell reports from the British capital, the government has pledged to crack down on the practice.
Video

Video Booming London Property a ‘Haven for Dirty Money’

Billions of dollars of so-called ‘dirty money’ from the proceeds of crime - especially from Russia - are being laundered through the London property market, according to anti-corruption activists. As Henry Ridgwell reports from the British capital, the government has pledged to crack down on the practice.
Video

Video Hometown of Boy Scouts of America Founder Reacts to Gay Leader Decision

Ottawa, Illinois, is the hometown of W.D. Boyce, who founded the Boy Scouts of America in 1910. In Ottawa, where Scouting remains an important part of the legacy of the community, the end of the organization's ban on openly gay adult leaders was seen as inevitable. VOA's Kane Farabaugh reports.
Video

Video 'Metal Muscles' Flex a New Bionic Hand

Artificial limbs, including the most complex of them – the human hand – are getting more life-like and useful due to constant advances in tiny hydraulic, pneumatic and electric motors called actuators. But now, as VOA’s George Putic reports, scientists in Germany say the future of the prosthetic hand may lie not in motors but in wires that can ‘remember’ their shape.
Video

Video Russia Accused of Abusing Interpol to Pursue Opponents

A British pro-democracy group has accused Russia of abusing the global law enforcement agency Interpol by requesting the arrest and extradition of political opponents. A new report by the group notes such requests can mean the accused are unable to travel and are often unable to open bank accounts. VOA's Henry Ridgwell reports.
Video

Video 'Positive Atmosphere' Points Toward TPP Trade Deal in Hawaii

Talks on a major new trade agreement among 12 Pacific Rim nations are said to be nearing completion in Hawaii. Some trade experts say the "positive atmosphere" at the discussions could mean a deal is within reach, but there is still hard bargaining to be done over many issues and products, including U.S. drugs and Japanese rice. VOA's Jim Randle reports.
Video

Video Genome Initiative Urgently Moves to Freeze DNA Before Species Go Extinct

Earth is in the midst of its sixth mass extinction. The last such event was caused by an asteroid 66 million years ago. It killed off the dinosaurs and practically everything else. So scientists are in a race against time to classify the estimated 11 million species alive today. So far only 2 million are described by science, and researchers are worried many will disappear before they even have a name. VOA’s Rosanne Skirble reports.
Video

Video Scientists: One-Dose Malaria Cure is Possible

Scientists have long been trying to develop an effective protection and cure for malaria - one of the deadliest diseases that affects people in tropical areas, especially children. As the World Health Organization announces plans to begin clinical trials of a promising new vaccine, scientists in South Africa report that they too are at an important threshold. George Putic reports, they are testing a compound that could be a single-dose cure for malaria.
Video

Video 'New York' Magazine Features 35 Cosby Accusers

The latest issue of 'New York' magazine features 35 women who say they were drugged and raped by film and television celebrity Bill Cosby. The women are aged from 44 to 80 and come from different walks of life and races. The magazine interviewed each of them separately, but Zlatica Hoke reports their stories are similar.
Video

Video US Calls Fight Against Human Trafficking a Must Win

The United States is promising not to give up its fight against what Secretary of State John Kerry calls the “scourge” of modern slavery. Officials released the country’s annual human trafficking report Monday – a report that’s being met with some criticism. VOA’s National Security correspondent Jeff Seldin has more from the State Department.
Video

Video Washington DC Underground Streetcar Station to Become Arts Venue

Abandoned more than 50 years ago, the underground streetcar station in Washington D.C.’s historic DuPont Circle district is about to be reborn. The plan calls for turning the spacious underground platforms - once meant to be a transportation hub, - into a unique space for art exhibitions, presentations, concerts and even a film set. Roman Mamonov has more from beneath the streets of the U.S. capital. Joy Wagner narrates his report.
Video

Video Europe’s Twin Crises Collide in Greece as Migrant Numbers Soar

Greece has replaced Italy as the main gateway for migrants into Europe, with more than 100,000 arrivals in the first six months of 2015. Many want to move further into Europe and escape Greece’s economic crisis, but they face widespread dangers on the journey overland through the Balkans. VOA's Henry Ridgwell reports.
Video

Video Stink Intensifies as Lebanon’s Trash Crisis Continues

After the closure of a major rubbish dump a week ago, the streets of Beirut are filling up with trash. Having failed to draw up a plan B, politicians are struggling to deal with the problem. John Owens has more for VOA from Beirut.
Video

Video Paris Rolls Out Blueprint to Fight Climate Change

A U.N. climate conference in December aims to produce an ambitious agreement to fight heat-trapping greenhouse gases. But many local governments are not waiting, and have drafted their own climate action plans. That’s the case with Paris — which is getting special attention, since it’s hosting the climate summit. Lisa Bryant takes a look for VOA at the transformation of the French capital into an eco-city.
Video

Video Racially Diverse Spider-Man Takes Center Stage

Whether it’s in a comic book or on the big screen, fans have always known the man behind the Spider-Man mask as Peter Parker. But that is changing, at least in the comic book world. Marvel Comics announced that a character called Miles Morales will replace Peter Parker as Spider-Man in a new comic book series. He is half Latino, half African American, and he is quite popular among comic book fans. Correspondent Elizabeth Lee reports from Los Angeles.
Video

Video Historic Symbol Is Theme of Vibrant New Show

A new exhibit in Washington is paying tribute to the American flag with a wide and eclectic selection of artwork that uses the historic symbol as its central theme. VOA’s Julie Taboh was at the DC Chamber of Commerce for the show’s opening.

VOA Blogs