Moody Eye View

The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election.

The Labor Department said Friday that employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.

The decline could help Obama, who is coming off a disappointing debate performance against GOP challenger Mitt Romney.

Iron Chef Obama cooks the book while the U-6 unemployment figure stays at 14.7%. Whassup with that?

Tags: job numbers, Obama, Wasabi, whassup

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