Here’s Why The Jobs Numbers Are A Huge Win For Obama (For Now)

Via Scoop.itTransmedia Thought Leadership

The unemployment rate plunged to 8.6 percent in November — the lowest rate since March 2009 — providing a boost to President Barack Obama’s reelection effort.Despite the job creation number missing the analyst expectation of 125,000, the jobless rate — the most visible and publicized economic statistic for most Americans after the stock market — blew past expectations after strong revisions for the previous two months.   The unemployment rate was predicted to be above 9 percent through the 2012 election by most economists, and while still high, a number in the 8’s is something that Obama can hang his hat on   Read more:


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