Analysis: Weak jobs report delivers blow to Obama
‘‘It took 10 years to get out of the Great Depression,’’ said Baker. He said people shouldn’t be surprised ‘‘if this recovery is half as long.’’
Nigel Gault, chief U.S. economist for IHS Global, said that, if he were advising the Obama campaign, ‘‘I'd say we’re still creating jobs, though not at a satisfactory pace. It shows how important it is to stick with us and let the policies we put in place bear fruit.’’
But, Gault added, ‘‘I'm more optimistic that whoever wins the presidency, the next four years will be much better than the past four years.’’
EDITOR'S NOTE — Tom Raum covers economics and politics for The Associated Press.
Follow Tom Raum on Twitter: http://www.twitter.com/tomraum.
Associated Press writers Alan Fram and Jim Kuhnhenn contributed to this report.
An AP News Analysis