WASHINGTON -- Employers added 114,000 jobs in September, cutting the unemployment rate to 7.8 percent, the government said Friday. The jobless rate marked a nearly four-year low, dropping below what it was when President Obama took office.
Coming weeks ahead of the Nov. 6 elections, the jobs numbers from the Labor Department were closely watched by leaders of both political parties. It was the first time since February 2009 that the jobless rate was below 8 percent, which was a tad lower than the 7.9 percent logged when Obama took office in January 2009.
Democrats, who've been subdued in recent months amid sluggish jobs reports, pounced on the positive news.