I want to start by saying that I believe the way the numbers are calculated is very inaccurate. On top of that the real unemployment figure is never shown, especially because of the way the labor force is calculated (people not looking for work aren’t counted, even if they are able-bodied), the fact that those who are seeking full-time employment but can only find part-time work are counted as employed, etc.
That said, there is a lot of controversy about whether the September jobs numbers were “cooked” to favor Obama.
Former GE CEO Jack Welch thinks something is going on
Stuart Varney also noted some discrepencies in the figures and how convenient it is for Obama that the rate dipped below 8% just a few weeks before the election for the first time in 44 months.