Unemployment Rate plummets from 8.1 to 7.8

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Some good news for Barack Obama after a lousy debate performance on Wednesday as the labor statistics for the month of September are out and the US economy has added over 116,000 much needed jobs.

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A common complaint has been that the lowering in the unemployment rate can be attributed to shrinking workforce stats, but the September report shows that there was a 418,000 person increase in labor force participation.

This news is proving that job growth in the summer was better than first thought with revisions of the July numbers up to a significant 181,000 new jobs.

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