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Mixed Jobs Report Shows Unemployment Down to 7.8%

D G Wrote: Oct 05, 2012 10:15 AM
In next debate, Romney should again confront Obama on the 90 billion. Romney should tell Obama he owes the public an explanation as to why he betrayed their trust. He should suggest Obama explain in the debate why billions of dollars went to cronies who contributed to his 2008 campaign. Obama would have a very hard time being accountable for his actions.
The jobs report prepared by the Bureau of Labor Statistics had mixed news today. Job growth was mediocre - only 114,000 new jobs were added in September, which isn't even enough to keep up with population growth. The top-line unemployment number fell to 7.8% and there was actually an increase in the labor force participation rate.

The biggest news consisted of revisions to previous reports. BLS revised the previous two months up by almost 100,000 total jobs (there were 40,000 more jobs added to August and 44,000 jobs added to July).

The economy has remained sluggish, even with the...