Campaign Trail: Jobs & Votes

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Friday, October 5, 2012 - 3:26pm

How will better-than-expected jobs report impact the race for the White House?

A startling drop in the unemployment rate is giving President Obama some ammunition on the campaign trail.

"More Americans entered the workforce. More people are getting jobs," Mr. Obama told supporters at a Friday rally.

The unemployment rate fell to 7.8 percent, marking the first time it's been below 8 percent during his presidency.

"Today's news certainly is not an excuse to try to talk down the economy to score a few political points," the president added.

Political points are exactly what Mitt Romney was going for while talking to voters in Virginia.

Romney said the unemployment rate fell because people gave up.

"When I'm president of the United States - that unemployment rate is going to come down not because people are giving up and dropping out of the workforce, but because we're creating more jobs," he promised.

On social media some conservatives accused the Obama administration of doctoring the jobs numbers.

Former General Electric CEO Jack Welch wrote "Unbelievable jobs numbers...These Chicago guys will do anything...can't debate, so change numbers."

"It's really ludicrous to hear that kind of statement," countered Labor Secretary Hilda Solis.

Secretary of Labor Hilda Solis denies any political motivation, saying the numbers are real.

Economists say the number of new jobs being created is still not enough to significantly lower the unemployment rate.

The next jobs report comes out just four days before the election.

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