Friday, October 5, 2012
Breaking News: Good Jobs Report for Obama (October 5, 2012)
The unemployment rate unexpectedly dropped to 7.8% (from 8.1%) and the economy added 114,000 jobs this past month. Also, there were some prior months adjustment upward in terms of job growth. This should be a decent conversation-changer for Obama and mitigate some of the pain from the first debate performance. And it puts and end to the ROmney line of "40+ months of 8%+ unemployment." This report generally supports Obama's line that things are improving, albeit slowly, and therefore we should not change course.