To be revised upward.

Rick Santelli called it right last month,,,,he said this report would be under 8%,,,he called it hooey.

Sure it did. Just fodder for the stupid among us.

Part-time Christmas season hiring. What a joke

Still a couple of points above when Obama "took" office.

I predicted this yesterday. Anyone else surprised?

October surprise-- until numbers revised.

Yeah, I would have been shocked if the number HADN'T gone down...

You would have to be a complete idiot to believe this number. It doesn't even make any sense. But I guess in Bambi world it doesn't have to. Sickening! And, yes, Rush was right. He said this would absolutely happen.

You need at least 150,000 new jobs per month to keep pace with rising population. We create only 114,000 new jobs and unemployment goes down?

Not possible.

Oh whoopdie doo. When Bush was in office the media/left complained about the "worst economy since hoover" & that was with a 5% unemployment rate & 4% quarterly growth.

Now we're being asked to celebrate 7.8% which is really about 20% when you include all the people who have stopped looking for work & are now on disability.

The 8% unemployment meme has been enabled by US. We're the ones who for some stupid reason have refused to hold our elected Republicans' and conservatives' feet to the fire by making them denounce the U3 and insisting they recite the real figure, the U6. Real unemployment cannot be measured with the U3 in a bad economy. The calculation was formulated specifically to be a barometer of the job market in a GOOD economy.

expectedly unexpected

BWAWA HAHA--these part-time Christmas jobs are going to cause people to go :Oh gee, Mr. President, how wonderful...can't wait to vote for you!??? Give me a break....The American people will not believe this, first of all, and even if it's accurate, they know the problem of no-job-or-only-lowpaying-jobs is getting worse not better....

"Happy Days Are Here Again!" C'mon, sing along! What? No singing? Are you racist?

Unemployment is down. The moon is made of cheese. And Lindsay Lohan is sober.

114,000 low paying "summer jobs" in July and August, to be revised above 8.0 later in the week, but they have their headline! This erases the debate! This erases the Hampton Va. video! I am so tired of being played a la Chicago. Axlerod needs to be tried for treason.

The employment fairy created 800,000+ HOUSEHOLD jobs within a month, when all along it was in 100,000+. Go figure!! She must be rooting for Obama

Two days after the debate trouncing, Obama's Labor Department counts PART-TIME jobs to concoct a 7.8% unemployment rate that will quietly be revised upward in two weeks.

Even if the number were accurate, are we supposed to be excited that in 3.5 years the President has done nothing to change unemployment from its dismal level of January 2009?

Rush is going to have a field day today. Just on getting this prediction right his accuracy rate will probably go up to 99.9%

Put this 'news' together with obama's sterling debate performance, and you get road apple pie.

114,000 jobs lowers unemployment 4 percent? Pardon me is I doubt it sincerely, just as I doubt the HUGE BOOST in the polls Obie got from his epic fail in the debate.

There is no mention of how many people quit looking for work or how many more went on disability these past two months. The shrinking workforce participation numbers are what is driving the unemployment percentage down. Millions fewer have jobs now than did when the number was 7.8% four years ago. Those jobs have been lost or destroyed by the current administration and Romney needs to hammer this 24/7. 7.8% is very, very wishful thinking.

Mitts to do list day one:

1. Sign repeal of Obamacare
2. Fire all Obama Czars and appointees
3. Find out who cooked these books and fire
them
4. Fire Bernanke
5. Rescind all executive orders
6. Order audits of the fed, freddy, fannie
7. Have Eric Holder arrested for perjury

Does it really matter what fake number they put out there? The millions of unemployed, and those who have stopped looking for work still know they are out of work. Every time they go to the gas pump they are reminded of how bad things are, gasoline has DOUBLED since the Empty Chair was inaugurated. Food prices are up over 35%! The Regimes propaganda machine my be lying about it, but it smacks people in the face every day! How bad is it for the Regime? On Yahoo of all places there was a poll asking: "Do you think last night's debate will change the outcome of the campaign?" 53% answered yes, it was a good night for Romney! That is on Yahoo, this is huge folks.

Yeah, and according to "Zimbabwe Ben" Bernanke, there is no evidence of infaltion either. What a load of horse hockey.

Don't forget how many companies have delayed laying folks off to appease the Obama Administration.

When you change the formula it is real easy to the the number you are looking for. The labor dept change the way they calculate unemploment last week. How convienent!

I hope all of the liberal economist who work for the government get fired when President Romney takes charge.

It has to be a crime to falsify and alter government data.

Haven't we been told repeatedly by this administration not to read too much into one months numbers? I bet they'll be racing to the cameras this morning.

this is a liar numbers

Your latest figures are a sham;
I do not trust them, Bam I Am.

why not just drop it to 1%? This is embarassing, blatant cooking of numbers all for political gain... Rush absolutely called this

Job numbers limbo! How low will it go next month????

I bet and say an even 6.

This could be fun!

I can't roll my eyes hard enough.
And if there is another report, unemployment will drop again, and then after the election, the numbers will be revised upward to where they truly are - over 8%.

Your President and his cronies think you are idiots.

Yeah right. 3 weeks before the election the unemployment rate magically falls, even though there's no evidence that hiring picked up.
Jack Welch is reportedly publicly stating that the numbers are cooked.

This will be the first time in American history where a drop in unemployment numbers ENRAGES the U.S. populace.

Lots of places here are hiring and they are all part time Christmas jobs which will be gone in January.

The Pinocchio President gets desperate. I know many people who have recently lost their jobs this month, especially in the healthcare field.

They based this on a SURVEY of people at home. It does NOTHING to add to the GDP. This is so laughable and predictable and smacks of desperation.

I guess selling beanie babies on Ebay or cupcakes door to door in order to keep food on the table is now counted as full employment now.

Hollywood, solar, wind and the Obama campaign hired tens of thousands of temporary workers who have not been told that they will be laid off as soon as next months job report is announced. The same people who initiated the pre-election 2008 stock market sell off (which unexpectedly snowballed to far) are at it again.

I DARE ANY legitimate financial reporter to tout these numbers! Make that a double dog dare! These numbers don't pass the smell test, IMHO.

MISTRUST indeed. How on this green earth can you add ONLY 114,000 jobs and 800,000 find work?????
Adding 125,000 jobs per month barely keeps up with population growth! Outrageous.

"I have been in business 25 years and I have NEVER SEEN ACCOUNTING LIKE THIS!"

What we call in the financial biz, creative accounting. Or more accurately cooking the books. I do not believe it.

When people ask "What was wrong with Obummer during the debate ?, the answer is now very evident. The big fix is in. Why worry?

When you have a George Soros company counting a large percentage of the votes on election day, a national media that will absolutely do everything it can do to not report the truth, and an administration that can threaten and intimidate companies and networks to do their bidding, how can you lose.

AND OBUMMER KNOWS IT...THAT WHY HE'S NOT WORRIED.

114K jobs dropped the rate this much? I don't think so!

And yes, Rush has been predicting that this would happen for months. I am not surprised.

My dad just spoke from the grave, one word.....Hogwash!

Here is a link to the BS from the BLS:
http://www.bls.gov/news.release/pdf/empsit.pdf

Another take on the numbers:
http://market-ticker.org/akcs-www?post=212379

The number of jobs created was less than the increase in the population. Since the number of people who dropped out of the workforce was greater than the increase in population, the unemployment statistic went down.

#41 Right on. Since when do we count small independent business people as an employee. I would like to see a breakdown of these numbers from the Dept of Labor. We want specifics.

The economy is not growing but the Labor Secretary is touting the job growth across-the-board.

Obamination administration believes their own spin.

Romney needs to use this as sign of how out-of-touch this amdinistration is with the real economy, and suspect they will.

Millions working part time, Millions more wishing we are working 'any time',...Millions Unemployed and 142,000 new workers...-

Are the Chicago Teachers returning to work in this #?

Trying to yank that shower curtain back around the Wizard of Odds. Not going to work, except for with the Obama phone people. Might scare them.

Channeling Kramer from 'Seinfeld' :

"It's another Reelectivus MIRACLE!"

'Fish'-house at low tide...High Heaven...Need I say more?

There is no unemployment under socialism.

Romney rightly emphasized the number of people on food stamps in the debate. He also needs to drive home the number on disability and the number who are underemployed or are part-time. The jobless rate is a sham and needs to be revealed for what it is.

Reported on our local news that in reality the majority of the jobs gained were part time ones. Not jobs with a future but part time.

Don't forget that when the obysmal won dropped the requirement for the unemployed to be seeking jobs, they are no longer counted as unemployed because they aren't looking for work.

Unexpectedly my backside. Anyone with more than working 2 brain cells could have told you that the numbers would drop below 8% right before the election, months ago. This group of democrat thugs think that the American people are morons who will believe anything they are told. Well, they might be half right.

Who made the surprising Jobless Rate announcement this morning? Susan Rice?