Obama needs 272,000 new jobs every month between now and Nov. 2012 to get unemployment below 8

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Update, 9/1, Obama admin. admits unemployment likely to remain above 9% through 2012 election, downgrades 2011 GDP estimates to as little as 1.7.

9/1/11, "Why 272,000 is an unlucky number for President Obama," Washington Post, The Fix, by Chris Cillizza

"No matter what the number is, it’s not likely to be anywhere close to the 272,000 jobs the economy would have needed to have created in August

• (and every single month from now until November 2012)

in order to drop the unemployment rate below 8 percent by election day,

• according to calculations made by Republican economic strategist Matt McDonald."...

via Lucianne