The Labor Department reports that the unemployment rate has dipped to 7.8 percent for September which would be the first time it has been beneath 8 percent since Obama took office in 2009.
The Labor Department says that 114,000 jobs were added last month. This would be the largest increase one-month increase in 29 years.
Jack Welch, the former head of General Electric and one of the most respected economic minds in the nation, has commented on this. Click here to see it
Who are you going to believe, our president or or some guy named Jack Welch?
Would Barack Obama lie to you?