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you re in the situation room. it s part economics snapshot, part political football and there s only three more jobs reports coming out before the november election. the latest one released today has something for everybody. the labor didn t reports better than job gains in july. the unemployment rate still picked up a notch. dan, how does all this play out on the campaign trail? reporter: for mitt romney it allows him to say see, i told you so. unemployment still going up. it s still above 8%. what the president is doing is not working. the president was putting the spotlight on what he says is working even though he admitted there s still a lot of pain. thank you everybody. reporter: surrounded by a group of hand picked middle class and workers, president obama defended his policies and emphasized gained in a struggling economy. 163,000 jobs created in july. 1.1 million so far this year. 4.5 million over the last 29 months. those are our neighbors and family ....