The September Jobs Report is out, and while non-farm payrolls only added 114,000 jobs, the unemployment rate has dropped from 8.1% to 7.8%. That’s on the heels of last month’s drop from 8.3% to 8.1% despite a weak jobs report. As you can see from the tweet sent out by former GE Chairman Jack Welch, he thinks the rate has gone down because of manipulation to help President Obama:
WALL STREET JOURNAL: The U.S. unemployment rate fell to its lowest level in more than 3½ years in September as the economy continued to add jobs, a potential boost for President Barack Obama’s campaign to win a second term.
The politically important unemployment rate fell to 7.8% last month from 8.1% in August. That was the lowest level since January 2009.
U.S. payrolls, obtained in a separate survey of employers, increased by a seasonally adjusted 114,000 jobs last month, the Labor Department said Friday.
Economists surveyed by Dow Jones Newswires expected a gain of 118,000 in payrolls and an 8.1% jobless rate. . . . Read More
The jobs numbers came out today and unemployment is at 7.8%…my friends kick this man out of office and don't cry about it
— 🎙Wayne Dupree (@WayneDupreeShow) October 5, 2012
Damn liberal media jobs numbers
— Anthony De Rosa 🗽 (@Anthony) October 5, 2012
Jobs numbers due–but contrary to the hype, voters don't care one bit. Won't help or hurt Obama at all. http://t.co/xERbOKnT
— Greg Mitchell (@GregMitch) October 5, 2012
Revised Labor Department figures find an extra 386,000 jobs: WASHINGTON — The government went back over its numbers… http://t.co/VFZoHQNt
— Downtown LA Daily (@DowntownLADaily) September 27, 2012