Economy - Voice of America: US Jobless Rate High, Election Effect Uncertain

Economy - Voice of America economy-and-business

US Jobless Rate High, Election Effect Uncertain Aug 3rd 2012, 13:26 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 ... Media files: D1FCFEF4-86F3-483D-8FB1-C3AADA627315_cx0_cy4_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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