In response to:

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

ushouldtalk Wrote: Oct 06, 2012 10:10 AM
Gas prices, I beleive, will take a noticeable drop two weeks before the election. October, through rhetoric and massaging the numbers, will be a very nice month for Obama. Liberals, who can't see past their noses, will be singing praises of Obama's greatness for what will appear to be the one month of the last four years where American's haven't been punished by Obama for being American.

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...