Unemployment Down To 7.8%
The jobs numbers help President Obama in his reelection bid.
The Labor Department’s announcement this morning that the economy gained 114,000 jobs in September and the jobless rate fell from 8.1% to 7.8% represents a big, if temporary, political boost for a president suddenly struggling to overcome a poor performance in the first nationally televised debate.
What’s more, Obama can even boast that jobs numbers for July and August were better than previously announced. In August, for instance, 142,000 jobs were created, not the 96,000 announced last month.