In response to:

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

sward Wrote: Oct 06, 2012 7:40 AM
Any report this administration puts out will be propaganda built on lies. Anyone who is interested in the truth merely has to observe his community to see that this supposed reduction in unemployment is a myth and became available to the public at a very curious time making me believe that this bogus report was waiting to be released in the eventuality of a bad debate by Obama.

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...