Jobs Number for August
The economy added 96,000 jobs in August. The number is OK, but certainly not great. From a political standpoint, it doesn't really help either presidential campaign. The number is lower than expectations, but it was not a disaster by any means.
With the end of summer, there tends to be a rise in jobs figures. Holiday hiring starts to pick up in October as folks get trained, so we should see rising jobs numbers for the rest of the year. If the September jobs figures (October report) shows 200,000 jobs - which would not surprise me - that will give a boost to President Obama. If it shows job losses (which would surprise me) to perhaps only 40,000 jobs it would boost Romney.