BREAKING: ECONOMY ‘STILL RUNNING IN PLACE’: The U.S. economy added 80,000 jobs in June and the unemployment rate was unchanged at 8.2 percent, ABC’s Susanna Kim and Bill McGuire report. Economists expected that employers would add around 90,000 jobs in June, higher than the 69,000 jobs added in May, but lower than what is needed for a full economic recovery from the last recession that began with the mortgage meltdown in 2008. With a current unemployment rate of 8.2 percent and 12.7 million unemployed persons in the country, Scott Brown, chief economist with Raymond James, said 125,000 to 130,000 added jobs are needed just to absorb the growth from the working-age population. “At this point we’re still running in place, growing just enough to absorb growth in the population but not enough to recover those job market losses during the downturn,” Brown said.http://abcn.ws/MF7m83
POTUS ON THE ROAD: From ABC’s Mary Bruce: President Obama wakes up in Akron, Ohio for the second day of his campaign bus tour. This morning the president tours Summer Garden Food Manufacturing in Boardman, before delivering remarks at an event at an elementary school in Poland. In the afternoon, he heads to Pittsburgh for an event at Carnegie Mellon. The president returns to the White House later this afternoon and holds an event in the East Room with construction workers and college students to sign the transportation and student loan interest rate bill. At 6 p.m. the president is scheduled to depart for Camp David.
THIS WEEK ON “THIS WEEK”: GOVS. MARTIN O’MALLEY AND BOBBY JINDAL DEBATE. This Sunday, Obama supporter and Democratic Governors Association chair Gov. Martin O’Malley, D-Md., squares off in a “This Week” debate with Romney supporter and potential vice presidential nominee Gov. Bobby Jindal, R-La., on the new jobs report and the state of the economy, fallout from the Supreme Court’s health care decision, and the latest in the 2012 presidential contest. Plus, the powerhouse roundtable debates all the week’s politics, with ABC News’ George Will, Washington Post columnist E.J. Dionne, PBS’ “Washington Week” moderator and managing editor Gwen Ifill, and former Counselor to the Treasury Secretary and Lead Auto Adviser Steven Rattner. “Nightline” co-anchor Terry Moran guest anchors this weekend. http://abcnews.go.com/thisweek
With this morning’s stagnant jobs picture — the country only added about 80,000 jobs during the month of June — President Obama won’t get the bragging rights he was hoping for.
Look for Obama, who is on his second and final day of a swing-state bus tour through Ohio and Pennsylvania, to talk about how there’s much more work to do.
Meanwhile, the Romney campaign gets to leave health care messaging purgatory and get back to their main message. Look for Mitt Romney, who is on vacation at his lakeside retreat in New Hampshire this week, as well as Republicans leaders to cast the new jobs data as another sign the president’s time is up.