It's becoming clear that one of President Obama’s biggest challenge to reelection is the economy. The disappointing jobs report released Friday indicate the 2012 race will likely be a referendum on the unemployment rate which is now up to 9.1 percent.
The President acknowledged that the economy took a big hit on Friday but maintains that the country is still making progress and recovery takes time.
His top economic adviser, Austan Goolsbee says the administration’s focus is now on helping private sector job growth.
Goolsbee also tried to downplay the new unemployment numbers. He said, “Don’t make too much of any one month’s jobs report because they’re highly variable.”