I found this error was due to the account being used to run the service. Network Service did not have write permissions on the folder that I was attempting to put the logs into. Some people changed to Local System, which worked because by default "System" has rights to the entire C:. Without changing the service account, I simply added "Network Service" to the ACL on the output folder and the jobs ran fine.
I changed the Performance Logs and Alerts service to log on as a Local System account instead of NT Authority\NetworkService. See ME315690
for more details.
Error: "The data item has been added to the query, but has not been validated nor accessed. No other status information on this data item is available." - no info
Error: "Unable to create the specified log file." - no info