Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

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 last month's number was revised upward to 142K from 96K.

July was also revised up by 41K.

Private payrolls came in at 104K, lower than expectations of 130K. Last month's private payrolls number was revised down to 97K from 103K.

Meanwhile, the labor force participation rate actually ticked up this month, despite the drop in headline unemployment.

Here's key text from the report:

The unemployment rate decreased to 7.8 percent in September, and total nonfarm
payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported
today. Employment increased in health care and in transportation and warehousing
but changed little in most other major industries. Read more.....