Job market steadying, still weak, under Obama

By AP Economics Writer PAUL WISEMAN (AP)

Created: Thursday, October 4, 2012 10:40 p.m. CDT

Updated: Thursday, October 4, 2012 10:43 p.m. CDT

WASHINGTON (AP) – The September jobs report that arrives today, a month before the presidential election, will likely sketch a dual picture: The job market continues to heal. Yet it’s far from full health.

No incumbent since Franklin Roosevelt has faced re-election with unemployment so high. The rate was 8.1 percent in August, up from 7.8 percent when President Barack Obama took office in January 2009. Economists predict that the rate reached 8.2 percent in September, according to a survey by FactSet.

It would be the 44th straight month in which unemployment has topped 8 percent.

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