Obama Momentum Slowed by Jobs Report That May Spur Fed Stimulus

 Obama Momentum Slowed by Jobs Report That May Spur Fed Stimulus

jobs report” src=”http://www.bloomberg.com/image/i5IgZnVjENRQ.jpg” alt=”” width=”380″ height=”252″ /> President Barack Obama, a day after getting his highest approval rating in more than a year, was confronted by a worse-than-expected slowdown in the job market that threatened to undercut enthusiasm for his re-election.

About 12 hours after Obama took the stage at the Democratic National Convention in Charlotte, North Carolina, to accept the party’s nomination for a second term as president, Republican nominee Mitt Romney seized on the labor data, underlining the challenge the economy presents for the administration.

“The timing couldn’t be worse for the president in terms of coming out of a really good convention with some momentum,