The unemployment number is below 8%

Updated

The verdict is in. President Obama’s debate performance was a bust. There is no other way to look at it, Mitt Romney won and President Obama lost. However, what many expected to be a poor jobs report Friday turned into a stronger one than expected. Unemployment fell to 7.8%, the lowest in four years and matching what it was when Obama took office.  That number fell despite the economy adding a net gain of only 114,000 jobs.  For a little perspective, we need to add 357,000 jobs each month over the next three years to bring the rate to a healthy 6%.

The numbers were certainly better than expected but they don’t exactly add up.

So of course we had to bring Peter Morici and Jared Bernstein to help us understand the numbers and both sides reaction. 

Check out what they had to say

 

The unemployment number is below 8%

Updated