Dow continues to fall amid weak jobs report

WASHINGTON, D.C. -- The Dow Jones was down again as fallout continues from May's weak jobs report.

The one bright spot may be that oil prices are the lowest they have been eight months. While it may bring some relief at the pumps, there is still trouble on the horizon.

Experts say the gloomy economic outlook spells trouble for President Obama's re-election chances.

"Friday's numbers were very far from where want them to be, where the president wants them to be, but even those numbers -- again, another month of private sector job creation -- compare favorably by anyone's standards, to losing 750,000 jobs in one month," Jay Carney, White House press secretary said.

The Obama campaign launched a new ad campaign slamming republican Mitt Romney for his job creation record.

Romney's campaign fired back stating that the president's polices aren't working and that he has run out of time to fix things.

Share this article: