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DISCUSSION: Jobless Rate Dips Below 8 Percent. How Will It Affect Presidential Race?

The jobless rate fell to 7.8 percent in September, with the country adding 114,000 jobs, according to the Labor Department. We ask you, Patch users, will the report affect the presidential race? If so, how?

QUESTION: Will the jobs report released today that shows the U.S. unemployment rate fell to 7.8 percent in September affect the presidential race? If so, how?

The U.S. economy broke a psychological barrier today, as unemployment fell below 8 percent for the first time since January 2009.

The Labor Department reports that the jobless rate fell to 7.8 percent, with the country adding 114,000 jobs, and the number of people who said they were employed jumped by 873,000.

The number of unemployed Americans is now 12.1 million, the fewest since January 2009.

And due to Labor Department estimates in July and August that were lower than initially estimated, employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months, according to the Associated Press via the Huffington Post.

The jobs report - part of the central issue in the this year's presidential race between Pres. Barack Obama and Gov. Mitt Romney - comes a month before the election, as well as after a tough few days for the incumbent.

The consensus is Romney won the first presidential debate Tuesday, and his fledgling campaign got a jolt and a new life. He specifically attacked Obama's ability to spur job growth. Now, plenty of election-watchers are wondering whether today's report will slow or even stop that momentum.

For Obama, the report maybe couldn't have come at a better time. He spent much of Wednesday campaigning after his uninspiring debate performance the night before.

So we ask you, Patch users, do you think today's jobs report will change the dynamic of the presidential election? If so, how? Tell us in the comments below.

Christie Anderson October 07, 2012 at 01:54 AM
I once worked with a group of women who voted for the best looking presidential candidate, regardless of the fact that he was a philandering and prevaricating fool.
Dan October 07, 2012 at 02:14 AM
Yeah, Reagan was a good looking guy, wasn't he. #zing
Christie Anderson October 07, 2012 at 04:26 AM
@ Dan....To you Reagan may have been attractive, but I vote for who's best for the position....and as to barry the prez....well, I voted for the Infidel.
Hoke Overland October 07, 2012 at 03:36 PM
A classic cook the books and the numbers were challenged the same day. It has been very common for this administration to show front page employment news as positive and then revise downward (a much smaller story, a few pages in a few weeks later). That said, no sitting President has ever been reelected with an unemployment rate above 8%. So whats a fellow to do? Expect a small retraction/adjustment just after the election. We have been very, very lucky in the Seattle area with our big companies during this recession, the rest of the nation is hurting much worse. That said, a lot of locals have lost their small business and homes. If you watched the debate, Romney will change that!
Mary Stidham October 08, 2012 at 09:53 PM
About Big Bird - He can definitely make it on his own without taxpayer input. He would probably need to pay taxes if he was on his own, and would even be one of the 1%. It is absurd that we should be paying for programs that can stand on their own and I would say that is most of what PBS and NPR (who I find very biased) put out. Mary Stidham

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