The U.S. unemployment rate has now been above the unusually high level of 8 percent since the first full month of President Barack Obama's White House tenure. But whether that imperils his bid for re-election is far from clear. In an oft-cited U.S. political fact, no incumbent president has won re-election since World War II when the jobless rate has been higher than the 7.2 percent recorded in late 1984, when Ronald Reagan easily won a second four-year term. When the unemployment ...
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