US President Barrack Obama and his Republican rival in the forthcoming Presidential race Mitt Romney have traded accusations over the US economy, after the publication of the latest data on unemployment.Data revealed that 96,000 jobs were created in August —a figure worse than expected.On the campaign trail, ahead of the election in November, Romney alleged that the President was taking the United States in the wrong direction. Obama blamed Republicans, for blocking a plan which he said would create a million jobs.