Video: All about the economy

>>> now to our "news nation" political post script . normally we look at the stories that have dominated the week's headlines. all of that is pretty much a blur after today's jobs numbers. they're sure to dominate the political discussions as we move ahead including on "meet the press." joining me now, nbc news deputy political editor domenico, we want to talk about governor romney's record in massachusetts. bain capital , despite what may have been off the cuff remarks from bill clinton . the reality is the conversation and the jobs numbers.

>> those jobs numbers definitely overshadow everything from this week. the fact of the matter is these jobs numbers not taken in one-month increments are a blow to the president. but not because it this one month of 69,000 jobs. you look at the last three months and you've seen sluggish growth. like polls, you look at jobs reports in the same way. for all these mini narrative that's have been pushed out there about whether or not this attack on bain is fair or if it's negativity that is hurting the president. really, it's not the negativity or any of these mini narratives, it is the economy. these jobs reports measure what happened last month. when you see narrowing of two to four points or so, it is because people are probably feeling less optimistic about the economy. because there are fewer people who are getting jobs versus the number of people that are coming into the market. when we think about all these mini narrative that's might get pushed, it is about the economy. it is always about the economy. if the trajectory looks like it is going in the right direction, it is good for the president. if it goes the other way, that's good for mitt romney .

>> we looked at some of the key states as far as the unemployment rate . you're seeing some key battleground states that have an unemployment rate that is either lower than the national average or ticking down, which could be good news for the president, despite these number that we've seen today.

>> it's interesting. in a lot of the states, you have republican governor who's are the case that the economy has gotten good in their state but still making the case that the economy is bad nationally. you think about people like scott walker , in wisconsin who is one his recall race on tuesday. with the auto bailout being part of that. but the economy and their state gotten better. virginia with governor bob mcdonnell and making the case that they have a great economy that is going strong but you have a lot of federal government jobs here. and of course, mcdonnell is somebody who could be considered for mitt romney 's ticket, and of course, it is one of the toss yum states.

>> thank you so much. i

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