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The political ups and downs of the presidency

Kamil Krzaczynski / EPA

President Barack Obama speaks during his visit at Allison Transmission's headquarters in Indianapolis, Ind. on May 6, 2011. President Obama spoke to approximately 750 workers and guests about his long term plan to protect consumers against rising oil prices and decrease oil imports while ensuring a cleaner, safer, and more secure energy future.

Msnbc.com’s John Schoen reports:

This week’s stunning news of the death of Osama bin Laden gave President Barack Obama a much-needed bounce in voter opinion polls just as the 2012 president campaign grinds into gear.

But the glow could fade if job growth doesn't accelerate.

The government reported Friday that employers added more than 200,000 jobs for the third straight month, the biggest hiring spree in five years. But the politically sensitive unemployment rate rose to 9 percent from 8.8 percent, in part because some people resumed looking for work.

Click here to read Schoen’s story.

Click here for more on the ecomomy.

While speaking to a crowd gathered in Indiana, President Obama stresses the importance of keeping innovative manufacturing alive in order to boost US job creation and the American economy.