In response to:

Unemployment Rate 7.8%- The Web's Most Complete Report

David 2104 Wrote: Oct 06, 2012 4:32 AM
Less People Working + Less Jobs = Less Unemployment ~obamamath 101~

Initial Reaction and Election Impact

The establishment report of +114,000 jobs was pretty much about what most expected. The four-month average is a mere 120,000 a month (a very weak set of establishment numbers for this point in a recovery).

However, the household survey surprise shows the unemployment rate fell three-tenths of a percent to 7.8%.

On the surface, this is a solid showing, and 100% certain to boost the Obama campaign. I suggest these numbers will overshadow a horrendously weak...