Sept Jobs Report

With a new report showing the nation's unemployment rate fell to 7.8 percent last month, the Obama administration got good news Friday: Jobs are indeed growing. But, as Republicans noted, the pace remains well below the level needed to provide paychecks for the 12.1 million people seeking them.

After a lackluster debate, President Obama faced the prospect of a second piece of bad political news with Friday mornings jobs report. Instead, Mr. Obama — and the economy — received some unexpected good news.