Unemployment drops to 7.8%, labor force up.

[Yank2133]

At least this puts the end to the 43 straights months of 8% unemployment line.

[Yank2133]

This just makes the unemployment numbers more likely to rise on the Friday right before the election.

No one cares about the last jobs report....hell this one isn't going to make much noise.

[Yank2133]

If Romney keeps hammering Obama on the economy and continues what he started on Wednesday he will win this election.

He lost his 8% UE talking point.

[Yank2133]

If Romney keeps hammering Obama on the economy and continues what he started on Wednesday he will win this election.

He lost his 8% UE talking point.

True, but one cannot make the argument that this economy is thriving, despite Friday's numbers.

That is a hard case to make.

The key is trend, people remember where the economy was in 2009 and now in 2012. Consumer sentiment is up, outlook of the economy is up, and even the right/wrong track is up.

[Yank2133]

Polls have been showing growing economic optimism. This will only help.  There will come a point when Romney might look bad for being too gloomy and doomy

Exactly.

Romney has to trend carefully with this.

[Yank2133]

Um no.  These numbers were clearly jimmied.  The unemployment rate does NOT fall by .3% when the economy adds only 114,000 jobs.  It rarely even happens when it adds 300,000+ jobs.  Something smells here.

There were revisions to the past 2 months....hence the drop.