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Obama: `Too Many Folks' Looking for Work

AP with CNBC.com
Friday, 3 Aug 2012 | 12:38 PM ET
Mitt Romney and Barack Obama
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Mitt Romney and Barack Obama

President Barack Obama touted job growth figures in the July unemployment report but conceded Friday that "too many folks out there" are looking for work.

Mitt Romney called the latest unemployment uptick "another hammer blow to the struggling middle-class families of America."

The Labor Department said Friday the country saw unemployment rise from 8.2 percent in June to 8.3 percent in July.

Romney said that is "not just statistics" and that real people are struggling under Obama.

Romney made his comments while campaigning in North Las Vegas, Nev. He blames the Democrats' health care law and burdensome regulations for the sluggish economy.

Romney is promoting his economic plan that he says would create 12 million new jobs over the next four years.

Friday's jobs numbers were better than expected.

They showed that private employers added 163,000 jobs last month, the best pace of hiring in five months.

"We've still got too many folks out there who are looking for work," Obama said at the White House. "We've got more work to do on their behalf."

Obama pitched his own plan to pass a tax cut extension for families making less than $250,000 a year and raise rates on the very rich.

"The last thing that we should be doing is asking middle class families who are still struggling to recover from this recession to pay more in taxes. Rebuilding this strong economy begins with rebuilding our middle class," he said.

Reuters contributed to this report.

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