Romney: Jobs Numbers Evidence of Obama's Failure

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New numbers from the Department of Labor could force the Federal Reserve to stimulate the sluggish economy with more money.

Only 96,000 people got a job in August, far fewer than economists were hoping for.

"There was some whisper numbers that we were going to get a payroll number of 200,000 this morning, so 96,000 is very disappointing," Aaron Taks, editor-in-chief of Yahoo! Finance, said.

The unemployment rate dropped to 8.1 one percent from 8.3 percent in July, only because more people gave up looking for jobs and dropped out of the work force.

The Democrats know to turn this economy around they'll have to see at least 200,000 jobs added a month.

Thursday night the president asked the American people to give him four more years to get things right and put millions of Americans back to work.

"You elected me to tell you the truth. And the truth is, it will take more than a few years for us to solve challenges that have built up over decades," President Obama said Thursday at the DNC.

It's a tough sell. Only 31 percent of Americans feel the country is on the right track.

"And the Republicans are going to say ... this is the 43rd consecutive month we've had unemployment rate above 8 percent and that is going to be very, very challenging for any incumbent to overcome," Taks said.

Echoing those sentiments while campaigning in the crucial state of Iowa, Republican presidential nominee Mitt Romney said the new job numbers are another reminder of the president's failed economic policies.

"If last night was the party, this morning is the hangover," Romney said in a statement.

There was one piece of good economic news this week. The Dow Jones hit its highest mark since December of 2007. The Standard & Poors 500 also soared to its highest level since January of 2008.

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George Thomas

George Thomas

CBN News Sr. Reporter

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