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. 

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.

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.

BostonUrbEx October 10, 2012 at 03:52 PM
No. I will not let the natural business cycle sway my vote. It's because of fascist clowns like Romney and Obama that we end up with such exasperated and drawn out business cycles to begin with. I think we're done with growing government bigger at the expense of the people for the sake of the "elite". It's time to end these shenanigans, and that means no vote for Obama nor Romney from me, regardless of the expansionary phase of the business cycle.
Vince October 10, 2012 at 05:03 PM
I call shenanigans on these numbers. So just after Obama was spanked in the first debate these numers come out? Stop it please.
Mark October 11, 2012 at 02:36 AM
I don't know about anyone else but with $4 a gallon gas and heating oil through the roof, I just hope I don't get laid off. It's going to get to a point of deciding between food on the table and heating the house.


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