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114,000 jobs, less than expected. Unemployment rate 7.8%, i bet a bunch stopped looking. Look for dems to play up 7.8%. Kerry on.
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Look for dems to play up 7.8%.

It's below 8%! Let's party like it's 2004! Wait... nobody look up the unemployment rate in 2004...
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Unemployment rate 7.8%, i bet a bunch stopped looking. Look for dems to play up 7.8%.


Just two days after the Presidential debate where the general consensus is that Obama lost, the unemployment rate dips below 8 percent for the first time in his Presidency. No, nothing fishy going on there...

-andrew, skeptical
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Here's John Mauldin's take on the topic. He doesn't debate the unemployment number; only the way the unemployment number is derived.

Good insight here...

http://www.mauldineconomics.com/images/uploads/pdf/mwo100812...
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