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Economists surveyed by the Associated Press said hiring should be sufficient to push the unemployment rate below 8 percent by Election Day. The 32 economists surveyed by the AP see steady job gains averaging 177,000 a month for the rest of this year. That should be enough to lower the unemployment rate to 7.9 percent by November. The pressing question for the president's re-election team is whether those metrics will be good enough for Obama. Speaking to high school students in Virginia Friday morning, Obama said the trend was heading in the right direction, with the economy having added more than
1 million jobs in the past six months. But, careful not to turn a deaf ear to the millions of Americans still out of work, Obama acknowledged the recovery is far from over. "If we're going to recover all the jobs that were lost during the recession, and if we're going to build a secure economy that strengthens the middle class, then we're going to have to do more," Obama said.
[Associated
Press;
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