Mitt Romney and the rest of the GOP can't be happy right now. The post-debate narrative just changed...
From the AP:
The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election.
More good news:
The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.
The jobs number is on the weak side, but the big news here is the drop in unemployment... under 8% for the first time in Obama's presidency, and just in time. In fact this is a
44-month low in the unemployment rate.
shaso points out in the comments:
The change in total nonfarm payroll employment for July was revised from +141,000 to +181,000, and the change for August was revised from +96,000 to +142,000.