[BfloGuy]

Well, you've hit it exactly.

I think the vast majority of people believe the unemployment statistic is tabulated from an actual count of people unable to find work. The fact that it's based on a mail survey and then adjusted via a miracle equation is, unfortunately, little-known.

And, of course, though the survey, itself, is problematic, it's the miracle equation that really mucks things up.

[USNBandit]

I hope Biden and Obama are both dumb enough to bring up the 7.8% number in a debate, because it totally opens the door to all the rest of that report.

7.8% was the only positive in an otherwise dismal employment report. Is the president cheering that 600,000 more Americans are working part time because they can't get full time employment? What does the president think of the current hiring glideslope from the business survey. With the corrections for July and August the numbers are 186,000, 144,000, and 114,000. That doesn't look like a hiring environment in a recovery.