WEYER’S CAVE, Va.— The White House hailed Friday’s largely positive jobs report as evidence that President Obama’s economic policies are working, while Mitt Romney dismissed the slow pace of improvement, saying “this is not what a real recovery looks like.”
Krueger cautioned that the report is likely to be revised, but said it shows Obama administration policies are helping Americans recover.
“If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11%,” he added.
Despite the skirmishing on the campaign trail, the jobs report numbers are unlikely to change the basic contours of most voters' views about the economy, something most experts note has been set.
Obama is expected to address the new report at a rally in Virginia later Friday.
Follow Politics Now on Twitter and Facebook