Jobless rate declines to 7.8 percent - Akron, OH - The Suburbanite

Jobless rate declines to 7.8 percent

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By Pat Cunningham

Good news for President Obama, as Steve Benen explains HERE:

If I had a nickel for every time Mitt Romney has said the unemployment rate has been above 8% throughout the Obama presidency, I’d have, well, nearly as much money as Mitt Romney.

Today, however, the talking point died. The unemployment rate fell unexpectedly, dropping from 8.1% to 7.8%.

As we’ve discussed before, decreases in the jobless rate are not always good news — the figure sometimes falls when discouraged Americans drop out of the workforce altogether — but that’s the case with the new data. The employment-to-population ratio ...

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