it’s the economy stupid

 
From NYT: 

The official unemployment rate dropped to its lowest level in more than nine years, at 4.6 percent, from 4.9 percent the month before. But average hourly earnings ticked down 0.1 percent.

 
Note, average hourly earnings declined.

Also, note. In June of 2009, a few months after Obama took office, the unemployment rate was 9.5 percent.