Lackluster job report has Democrats bracing for a tough election cycle

With elections just two months way, the disappointing  jobs report released by the Bureau of Labor Statistics Friday could be a blow to President Obama and congressional Democrats.

According to the report, the U.S. economy added 142,000 jobs in August, the worst showing of the year, as the unemployment rate fell to 6.1 percent.

“Today’s disappointing report, coupled with last week’s bleak economic forecast from the Congressional Budget Office, shows a pattern of weakness in the Obama economy that has too many Americans still asking, ‘where are the jobs?’” said Speaker John Boehner (R-Ohio) in a statement.

Democrats have been hoping for an election-year boost from the economy, which has come to life after years of tepid growth in the aftermath of the financial crash.

However, poll numbers show that most Americans are pessimistic about their own financial prospects, largely due to stagnant wages.

Many Democratic incumbents in tough reelection fights have taken the stance that more must be done to generate faster growth.

Jason Furman, chairman of the White House Council of Economic Advisers, said, although job gains slowed, “the broader trends are moving in the right direction.”

“To continue to support the progress our economy has made, the president will act wherever he can to create good jobs, facilitate investments in American infrastructure and manufacturing, and make sure that hard work pays off with higher wages,” Furman said.

Mark Zandi, chief economist at Moody’s Analytics, said that, while the numbers were a disappointment, they are an “aberration and not a sign the economy is faltering.”

He expects the figures to be revised to look more positive.

“Job growth will rebound next month back to over 200,000,” said Zandi.

However, polling evidence suggests the economy isn’t as big a factor in this election as it was in the past few cycles. The share of Americans mentioning an economic issue as the nation’s most important problem has dropped from 86 percent early in 2009 to 38 percent this August, according to Gallup.

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