Politics & Government

TELL US: Will the Jobless Rate Influence Your Vote for President?

The jobless rate has fallen to below 8 percent for the first time in four years.

With Republicans and Democrats largely agreeing that Republican candidate Mitt Romney won the first presidential debate last week, there is a new piece of news that could soften the perceived blow to President Barack Obama's campaign. 

The U.S. jobless rate fell to 7.8 percent last month, dropping below 8 percent for the first time since Obama moved in to the White House. The Bureau of Labor Statistics released the new jobs report on Friday.

The Boston Globe reported that the news could give the Obama camp a boost; it's the same rate as January 2009, when the president took office. 

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In the months after the inauguration, the rate increased and topped 8 percent for 43 straight months. In August, it was 8.1 percent.

The jobless rate is determined through a government survey of 60,000 households. The Globe reported that while many of the jobs added last month were part-time jobs, the country could be growing jobs at a faster pace.

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What do you make of the news? Do you believe this is a positive for the sitting president? How will it affect your vote? Tell us in the comments.


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