Brand & Martinez for September 7, 2012

How will Romney and Obama camps respond to August's anemic jobs report?

Obama Accepts Nomination On Final Day Of Democratic National Convention

Scott Olson/Getty Images

Democratic presidential candidate, U.S. President Barack Obama speaks on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate.

U.S. employers added less than one 100,000 jobs last month, a much lower figure than some had expected. Although the unemployment rate dropped a bit, the Labor Department says only about 96,000 jobs were created in August.

More disturbing, the people who say they've given up looking for work. The so-called Labor Participation Rate - the number of people either working or looking for work - dropped to the lowest level since the 1980's.

Many political insiders believe the figure could slow the momentum President Barack Obama hoped to gain from his speech Thursday night to the Democratic National Convention. In a statement, Mitt Romney "If last night was the party, this morning is the hangover."

Will these numbers eliminate any bounce the Democrats were hoping for coming out of their convention? And how will both campaigns use the economy as an issue as we move toward the November election? A Martínez talks with Ron Fournier, editor-in-chief at the National Journal.

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