President Obama is on defense, playing up the fact that there is still job growth and has been in the private sector for the past 28 months straight.
"Businesses have created 4.4 million new jobs in the past 28 months," the President said during an Ohio bus tour. "That's a step in a right direction."
Republican challenger Mitt Romney begs to differ. He points to 41 consecutive months of unemployment tracking above 8.2 percent.
"We have seen the jobs report this morning, and it is another kick in the gut to middle class families," Romney said at a New Hampshire campaign stop. "There's a lot of misery in America today, and these numbers understate what people are feeling."
With similarly bad economic news last month, political watchers expected Romney to gain some traction in the polls. He hasn't.
Obama is leading Romney by a spread of 2.7 percentage points according to an average of polls on realclearpolitics.com.
That's roughly the same lead he's enjoyed for awhile.
"The president is running a very good media campaign," says 9NEWS political analyst Floyd Ciruli.
The Obama campaign has been on the air in Colorado and other swing states attacking Romney's business record, portraying him as pro-outsourcing.
With all the arguing over the economy, voters seem to think neither candidate is better equipped to heal the economy, Ciruli argues.
"Frankly that may be good enough [for President Obama] because the economy was the argument that was supposed to deliver this for Mitt Romney."
Ciruli adds that Obama has been able to reach voters on other issues as well.
"He's still making his economic argument," Ciruli said. "But he's also out there saying 'listen, by the way, I am for helping illegal immigrants. I am comfortable with gay rights. I am bringing you a patent office.'"
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A flat economic report is one thing, but voters might react differently to a large spike in unemployment or job losses.
There are only three more of these jobs reports to be released before voters begin casting ballots.
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