TELL US: Will the Jobless Rate Influence Your Vote for President?
The unemployment 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 this 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 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 or too little too late? How will it affect your vote? Tell us in the comments section, below.