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August 3rd, 2012
04:42 PM ET

What does jobs report mean for the election?

Mark Preston says the president needs to take responsibility for the economy while Diane Swonk says both parties got into this mess together.


Filed under: State of Your Job • Your Bottom Line
August 3rd, 2012
04:35 PM ET

Ahead on Your Bottom Line

The July jobs report has become a political chew toy for both presidential candidates and their parties. But caught in the middle are nearly 13 million Americans out of work and looking for government leadership. Can President Obama return to break-even on jobs with three more unemployment reports to go before November 6th, or is our economy just not positioned for that kind of growth? Economists Peter Navarro, Diane Swonk and CNN Political Director Mark Preston discuss.

Also, Christine goes home to Iowa for a first-hand look at the drought that has devastated corn and soybean farms across the Midwest. She talks to generations of farmers who put this year's drought in perspective and she shows you how their misfortunes will soon make their way into higher costs for you at the supermarket.

August 3rd, 2012
09:29 AM ET

Explore the July jobs report

Businesses stepped up their hiring in July, but the unemployment rate ticked higher anyway.
Employers said they added 163,000 jobs in the month, according to a Labor Department report released Friday, much better than the 95,000 jobs economists had forecast.
But at the same time, the unemployment rate unexpectedly rose to 8.3% as households claimed they lost 195,000 jobs.

Read more from CNNMoney

Explore the jobs report on your own! Click the infographic to expand.

Designer: Samira Khoshnood


Filed under: State of Your Job • Web Extra