Get Political Wire by Email:



October 05, 2012


Unemployment Rate Drops to 7.8%

The U.S. economy added 114,000 jobs in September while the unemployment rate fell to 7.8%.

The Financial Times notes it's the lowest unemployment rate since President Obama took office.

First Read: "We continue to see these monthly jobs numbers have very little impact on the public. Yet they have had a bigger impact on the tone of the political coverage in a 24- to 48-hour period, and that helps the Obama campaign change the subject from Wednesday night's debate. In addition, do not underestimate the psychological impact of the unemployment rate falling BELOW 8%. It's been an anchor around the president's leg politically for years, not months."

Wonk Wire has a roundup of reactions.












POLITICAL WIRE PODCAST

Political Wire Podcast Engaging conversations about elections and the political issues of the day. Subscribe via iTunes or RSS to get episodes automatically downloaded.



FREE NEWSLETTER




TRENDING VIDEO







PARTNERS










FOLLOW US