Since World War II, incumbent presidents have been defeated in election years when the unemployment rate is above 7.5 percent. What does that mean for President Obama and October's 7.9 percent unemployment rate?
The economy added 171,000 jobs last month and unemployment rate in October ticked up to 7.9 percent as more people entered the workforce to look for jobs. Obama and Romney economic advisers tell us what they see in the numbers.
The government's October jobs report is out this morning and the Bureau of Labor Statistics is reporting that the economy added 171,000 jobs last month and the unemployment rate ticked up to 7.9 percent.