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Does new unemployment rate accurately reflect economy?

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    What does latest number really mean?

  • Duration 3:38
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Good evening I'm Bret Baier President Obama is -- the September jobs report.

Showing an unemployment rate dropped from eight point 1%.

To seven point eight.

As a -- the country has come too far to -- back now is Republican challenger says the new numbers are not the sign of a true recovery in fact.

He says they're telling a far different -- The government's household survey says 873000.

People entered the workforce.

But the employer survey found 1141000.

New jobs created.

101000.

Of those in government so the difference about 760000.

Are apparently not full time stable jobs.

What's known as the real unemployment mark which factors in the underemployed.

And those too discouraged to continue looking for work.

Remains unchanged.

At fourteen point 7%.

White House correspondent Wendell Goler begins our coverage of the report and the spent.

2 days after a disappointing debate with Mitt Romney President Obama look on the bright side of -- merely modest jobs report for September.

This morning.

-- doubt that the unemployment rate has fallen to its lowest level since I took off.

His fifteenth stopped in Virginia this year and later risk fourteenth strip the battleground Ohio.

Mr.

Obama painted a picture of an economy that may not be growing as fast as we'd like but is at least going in the right direction.

Today is no -- Should give us some encouragement.

It shouldn't be an excuse for the other so I had to try to talk -- the economy.

Just try to score a few political -- But with the labor survey showing just 1141000.

Jobs created last month.

The reduced unemployment rate came from a different survey that showed a huge jump in people working part time -- from their homes.

Some economists called -- a statistical anomaly.

Former GE chairman Jack Welch tweeted these Chicago guys will do anything can't debate so change numbers but he backed away from that in an interview with Fox's Eric Bolling.

In this whole number it's made about my whole massive assumption who's participating who who's not working who's trying to work but he's dropped out all these things.

It's -- it just raises the question -- I think there ought to be a good discussion about how this number is calculated.

Labor secretary -- Sony's angrily denied the unemployment rate figure was fudged calling the allegation offensive Republican challenger Mitt Romney said of the jobs number quote -- this is not what a real recovery looks like.

-- was also campaigning in Virginia running mate Paul Ryan said of the number of jobs created quote we shouldn't have to settle for this new normal.

Surprising one of the Republican Convention -- that Americans deserve better than mr.

Obama has delivered.

Meanwhile critics seized on another line and mr.

Obama's Virginia speech in which he denied believing in an entitlement society.

The suggest he doesn't believe people are entitled to succeed aides say he meant the exact opposite.

We don't believe that anybody is entitled the success of -- got.

But we believe an opportunity.

We believe.

In a country or hard work pays off and responsibilities rewarded and everybody's getting a fair shot.

You're in Ohio where early voting is already begun today's jobs report may have even more impact than the one that comes out.

Just a few days before the election and that's a plus for the president -- Ohio is generally considered to be a must win state for Mitt Romney.

-- one bullet traveled with the president and Cleveland Wendell.

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