Jobs report hits markets and President Obama

POSTED: Monday, June 4, 2012 - 8:00am

UPDATED: Monday, June 4, 2012 - 8:02am

Tokyo markets slid to a 28 year low this morning as anxious U.S. investors fear another sell off here.

S&P futures are down after Friday's free fall, the Dow's biggest one day drop since November.

It came as the unemployment rate jumped to 8.2% - only 69,000 jobs created last month.

President Obama blamed Congress for sitting on his jobs plan that he says would provide paychecks for teachers and construction workers.

"So my message to Congress is, get to work," demanded President Barack Obama.

Politically, both sides took the gloves off.

Republicans say the President's trying, but his policies just aren't working.

"He never even ran a corner store and I think it shows in the way he's handling the economy," said Romney Senior Campaign Strategist Eric Fehrnstrom.

Democrats point to jobs in Massachusetts under Mitt Romney - 47th in the nation, at a rate one-fifth of the rest of the country.

"When you hold yourself out as an economical oracle and you say to people, "Trust me, I know how to move the country forward," and your record says something else, of course, you're going to get challenged for that," said Senior Advisor to the President David Axelrod

The challenge now: getting Americans back to work.

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