Obama, Romney Battle on the Jobs Front

Latest jobs report sparks political talking points for both candidates.
3:00 | 08/04/12

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Transcript for Obama, Romney Battle on the Jobs Front
Employers added 163,000 jobs in july. That's more than twice the job growth in the previous month. But the unemployment rate ticked up to 8.3%. And david kerley has the story from washington. David, not surprising that the two candidates are focusing on different numbers out of this report. Reporter: Absolutely. The question is, is that report good news or bad news. And it depends on if you're the democrat or the republican running for president. We continue to have 23 million americans out of work. Reporter: Mitt romney works knows his path to the white house is the economy. So, he spun the jobs report as bad news. Another hammer blow to the struggling middle-class families of america. Reporter: It's true, the unemployment rate went up. And it's been over 8% for more than three years. But for the president, the jobs report was good news because the private sector continues to add jobs. Not enough. But -- that means that we've now created 4.5 million new jobs over the last 29 months. And 1.1 million new jobs so far this year. Reporter: These job reports are so important, and there's only three more before the election, that both candidates stood before cameras at nearly the exact same time. But which message is sticking? The president claiming the numbers are growing slowly in the right direction, is pleading for patience. We haven't had to come back from economic crisis this deep OR THIS PAINFUL SINCE THE 1930s. Reporter: But there's another statistic from the depression. No president has been re-electioned with unemployment above 8%. So, romney keeps hammering. The president's policies have not work because he thinks government makes america work. He's wrong. David, if things weren't heated enough, comments made earlier in the week from senator harry reid, saying someone from bain capital told him that romney didn't pay taxes for ten years are still making waves. Reporter: Big waves. Romney has had enough of that. Yesterday, as he was talking about the jobs report, he called out harry reid and said, put up or shut up. Who is your source? Let me know. Democrats love this. Mitt romney talking about his taxes instead of talking more about the jobs report and the economy. Harry reid, always one to speak his mind. David, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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