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The good and bad of latest employment report

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    More jobs added but unemployment up

  • Duration 2:29
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Think signals tonight about where the country is going -- jobs employers added more jobs than expected but the unemployment rates went up as well.

White House correspondent Wendell Goler has the numbers and what they mean.

Politically there was something in July's employment report for both the president and his Republican challenger.

163000.

Jobs created with 60000 more than analysts expected.

And after three straight months in -- less than a 100000 jobs regained mr.

Obama took the long view.

That means that we've now created four point five million new jobs over the last 49 months.

And at one point one million new jobs so far this year.

But the jobless rate rose a tenth of a point even though fewer people were looking for jobs and at a rally in Las Vegas that was the number Mitt Romney seized -- It's another hammer blow to -- struggling middle class families of America.

Because the president has not had policies that put American families back to work I do.

In fact no one at the White House was celebrating.

Average unemployment is still far too high and for Hispanics it's ten point 3% while for blacks it's fourteen point 1%.

The latest underemployment rate which includes people who stop -- is fifteen point 3%.

Mr.

Obama says there is more to do -- just reclaimed the jobs that were lost during the recession but.

Also to reclaim the kind of financial security that too many Americans.

Have felt was slipping away from them for two wall at a news conference Romney promised he'd create twelve million jobs in his first term.

-- called the 2009800.

Billion dollar stimulus package that was supposed to keep the country out of the fix -- since.

This is the president's administration who said from the very beginning if they get their way on their stimulus could hold unemployment below 8% they said that the measure.

And they have not been below 8% since.

Romney said the president's policies are to blame and he pulled the jobless rate a moral failure for -- country as prosperous as our own.

He outlined -- plan that includes tax reform and deficit reduction.

Expanded domestic energy production and overturning the Affordable Care Act which he says would turn the economy around.

-- mr.

Obama says Romney's tax and regulatory reforms would reward the rich want to take the country backward.

It's we're not gonna get to where we need to be.

If we go back.

To the policies that helped to create this mess in the first place.

It's been clear for some time Democrats and Republicans were counting on voters to decide what path we take out of the recession.

With every month before the November election we're learning how much the wait is costing us.

Shannon thank you --

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