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Vacationing Obama Can't Avoid Rough Economic News

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    Doug Luzader reports from Honolulu, Hawaii

  • Duration 2:20
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President Obama received some unpleasant jobs and -- while vacationing today in Hawaii.

Correspondent Doug Luzader looks that some of the president's economic challenges in the coming what year.

The lines are getting longer again we just learned today that new jobless claims actually went up last week.

A setback -- what some economists say has been a promising trend the economy is gradually improving.

But that improvement will take place in fits and starts -- the recovery goes through those fits and starts mixed signals are everywhere.

Consumer confidence has improved and look at home mortgage interest rates.

Up slightly today but at an average of three point 95%.

And a thirty year loan.

Still a historic market.

The problem is very few people have the means -- the confidence to buy a house.

On the other hand the national unemployment rate ticked down last month to eight point 6%.

-- a lot of work.

The -- away.

And I think we're headed in the right direction.

But even here in the aloha state they've said both hello and goodbye to jobs the unemployment rate here is on the rise again.

Not many can afford the 260 dollars that the president and First Lady are believed to spent on dinner at this -- -- restaurant last night.

I don't think the president understands.

And out on the campaign trail Republicans hammer the president almost daily on the economy.

So even while the president is on vacation just about everything the administration does now is couched in terms of job creation.

That seemingly on -- related deal to sell F fifteens to Saudi Arabia it supports 50000 jobs claims the White House.

The administration is quick to point out that the economy is adding jobs it has been for months.

That's true but the economic catch 22 is that if the economy improves.

People who have given up looking for work could come back into the jobs pool because in the unemployment rate.

To head back.

And in theory that it's in the unemployment rate back above 9% at the big psychological barrier and it would be a tough number Chris for the president to carry.

Into a reelection year.

Doug Luzader reporting from beautiful Honolulu where I can see a few clouds in the sky dog.

Just a few but we're bearing with yeah well tough duty.

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