memeorandum: US jobless rate falls to 7.8 pct., 44-month low (Associated Press)

11:15 AM ET, October 5, 2012

Top Items:

Romney: ‘This Is Not What A Real Recovery Looks Like’ — Following news that the U.S. economy added 114,000 jobs in September, with unemployment falling to 7.8%, Mitt Romney on Friday released the following statement on the September unemployment report:

Discussion: Suburban Guerrilla

Associated Press:

US jobless rate falls to 7.8 pct., 44-month low — US unemployment rate falls to 7.8 pct., lowest since 2009, giving Obama a potential boost — WASHINGTON (AP) — The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years …

Discussion: p m carpenter's commentary, The PJ Tatler and The Hinterland Gazette

Jeff Cox / CNBC:

Jobs Growth Rises 114,000 as Rate Slides to 7.8 Percent — Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent, the first time it has been below 8 percent in 43 months.

Discussion: Hot Air, The Daily Caller, Taylor Marsh, Outside the Beltway and Scared Monkeys

Brett LoGiurato / Business Insider:

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful — Former GE CEO Jack Welch's reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent: — Looks like Welch already was predicting this last night:

Discussion: Facebook

Shaila Dewan / New York Times:

Jobless Rate Falls to 7.8%, Lowest Since January 2009 — The nation's unemployment rate dropped below 8 percent in September to its lowest rate since President Obama took office, the Labor Department said Friday. — While employers added only a modest 114,000 jobs last month …

Discussion: The Moderate Voice, Associated Press, Economix, Wonkblog, New York Magazine, Mother Jones, Marbury, Pirate's Cove, Dependable Renegade and FT Alphaville

Tim Catts / Bloomberg:

Former GE CEO Jack Welch Says White House Manipulates Jobs Data — History Says No — Former General Electric Co. (GE) Chief Executive Officer Jack Welch accused the Obama administration on Twitter of manipulating today's employment data for political advantage.

Discussion: Politico, Wonkblog, Election 2012, Washington Monthly, Guardian, The New Republic, The Caucus, Wonkette and The Raw Story

Business Insider:

BOOM: UNEMPLOYMENT RATE FALLS TO 7.8%, BIG UPWARD REVISION TO LAST MONTH — Overall, this was a solid report. — Nonfarm payrolls came in right in line with estimates at 114K, but the unemployment rate tumbled to 7.8 percent from 8.1 percent last month. — What's really good is that …

Discussion: Weekly Standard, Mediaite, HyperVocal and Washington Examiner

CNN:

Unemployment rate below 8%, but Romney says not enough — Washington (CNN) - Mitt Romney, who has used an unemployment rate above 8% to hammer President Barack Obama for the past several years, was left without his usual attack line Friday as the September jobs report showed the rate falling to 7.8%.

Discussion: ABCNEWS and Politico

Alex Kowalski / Bloomberg:

U.S. Jobless Rate Declines to 7.8%; 114,000 Jobs Added — September Jobs Report: Breaking Down the Numbers — The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers.

Discussion: Balloon Juice

NBC / Economy Watch:
Unemployment rate falls to 7.8% as economy creates 114,000 jobs

Discussion: Firedoglake, Slate, Washington Monthly, The Moderate Voice, Via Meadia, The Gateway Pundit and Joe. My. God.

Wall Street Journal:
Unemployment Rate Falls to 7.8%

Discussion: Hugh Hewitt's TownHall Blog and The PJ Tatler

Brian Beutler / Talking Points Memo: Huge September Drop In Unemployment, Economy Adds 114,000 Jobs

Susanna Kim / ABCNEWS:
September Jobs Report: Unemployment Falls to 7.8 Pct

Discussion: Talking Points Memo, Election 2012 and Le·gal In·sur·rec· tion

Terence P. Jeffrey / CNSNews:
Unemployment Rate Plummets to 4.3%—For Government Workers

Discussion: Riehl World News

Fox News:
Jobless rate falls to 7.8 percent in September, as Obama looks for boost

Discussion: americanthinker.com and The Right Scoop

Washington Post:

Romney: ‘47 percent’ remarks were ‘completely wrong’ — View Photo Gallery — Surrounded by four of his five sons, Republican nominee for president Mitt Romney makes a surprise appearance at the Conservative Political Action Conference in Denver. View more photos from the campaign trail.

Discussion: Balloon Juice, Election 2012 and Fox News Insider

Hadas Gold / Politico:

Romney: ‘47 percent’ remarks ‘wrong’ — Mitt Romney came full circle on his “47 percent” remarks Thursday night, calling them “just completely wrong” in an interview on Fox News. — When asked by host Sean Hannity what he would have said if President Barack Obama had brought …

Discussion: Gawker, americanthinker.com, No More Mister Nice Blog, Taylor Marsh and nation.foxnews.com

Mario Trujillo / Ballot Box:
Romney says he was ‘completely wrong’ on ‘47 percent’ comment

Discussion: CNN, New York Magazine, The Moderate Voice and Rumproast

Jake Tapper / ABCNEWS:

Email Shows State Department Rejecting Request of Security Team at US Embassy in Libya — (Image Credit: Ibrahim Alaguri/AP Photo) — ABC News has obtained an internal State Department email from May 3, 2012, indicating that the State Department denied a request from the security team …

Discussion: Los Angeles Times, JustOneMinute, The Heritage Foundation, The PJ Tatler, Weasel Zippers, americanthinker.com, National Review and Conservative Hideout 2.0

Matt Higgins / CBS DC:

Top Obama Fundraiser To Release Bin Laden Film 2 Days Before Election — LOS ANGELES (AP) — A film dramatizing the death of Osama bin Laden is set to debut next month on the National Geographic Channel, two days before the presidential election. — “Seal Team Six: The Raid on Osama bin Laden …

Discussion: The Daily Caller, Taylor Marsh and Riehl World News

CNN:
Osama bin Laden movie to air weekend before election

Discussion: Scared Monkeys, Weasel Zippers and Associated Press

Mike Ramsey / CBS Chicago:

NAACP Official: Obama Campaign Staffer Threatened Me — CHICAGO (CBS) — The President of the South Suburban Branch of the NAACP alleges a director of the re-election campaign of Barack Obama has threatened and intimidated him because he doesn't support the president.

Discussion: The Daily Caller, The Hinterland Gazette, Weasel Zippers and Jammie Wearing Fools

Paul Bedard / Washington Examiner:

Was Obama rattled by developing donor scandal story? … President Obama reelection campaign, rattled by his Wednesday night debate performance, could be in for even worse news. According to knowlegable sources, a national magazine and a national web site are preparing a blockbuster donor scandal story.

Discussion: Power Line, Atlas Shrugs, Weasel Zippers, Hot Air, iOwnTheWorld.com, The Right Scoop and Riehl World News

Kyle Balluck / The Hill:

Dems hope Biden can blunt Romney momentum post-debate — Democratic strategists are eyeing the forthcoming debate between Vice President Biden and Rep. Paul Ryan (R-Wis.) with a mix of hope and nervousness in the wake of President Obama's widely panned performance in his initial encounter with Mitt Romney Wednesday night.

Discussion: Weasel Zippers and Jammie Wearing Fools

Jonathan Easley / Ballot Box:
Ryan, Romney turn their fire on Biden

Discussion: CNN, Politico, Wizbang and The Hill

Megan McArdle / The Daily Beast:

Iran on the Verge of Hyperinflation — Sanctions wreak havoc on the rial — In fact, on the verge might not be the right way to put it; in the middle of might be more accurate. Steve Hanke estimates that inflation is running at 70% a month. This is, as Alex Tabarrok points out, nowhere near a record.

Discussion: JOSHUAPUNDIT, Wonkblog and AEIdeas

Megan McArdle / The Daily Beast:
Just Say No To Layoff Notices — Obama Administration pressures …

Discussion: Business Insider

Reuters:

Federal Judge Approves Scaled-Down Florida Voter Purge — TALLAHASSEE, Florida (Reuters) - A federal judge on Thursday dismissed a challenge to Florida's recent voter purge efforts, clearing the way for the removal of about 200 suspected non-U.S. citizens from state voter rolls before the November 6 presidential election.

Discussion: Crooks and Liars

Jonathan Easley / The Hill:

Former college hoops star endorses Romney in new ad — Former National Basketball Association player Greg Anthony is featured in a new ad for the Romney campaign, in which he explains why he voted for President Obama in 2008 but is switching to the GOP candidate in 2012.

Ronald Brownstein / NationalJournal.com:

Obama's Missing Piece: A Second-Term Agenda — After his lackluster debate performance, President Obama needs to better articulate his second-term agenda. — DENVER—President Obama didn't have many good moments in this week's first presidential debate. But it was telling that the few came …

Hillary Reinsberg / BuzzFeed:

For Some, DNC Chair Debbie Wasserman Schultz Goes Too Glam — Critics call her “almost unrecognizable” in a Vogue profile. So what? — Wasserman Schultz in Derek Lam in the October 2012 Vogue profile. — Source: Marcus Mam / via: seemanagement.com

Discussion: The Hill and Weasel Zippers