The economy created 163,000 jobs in July, more than expected, and much better than the past four months.
But unemployment ticked up to 8.3%.
The numbers come from different surveys. The jobs number comes from a business survey, while the unemployment number comes from a household survey.
The number voters focus on is the unemployment rate, and President Obama needs it to be heading down.
I’ve been hoping it would decline to 7.9% for the October report released days before the election. Crossing that 8% threshold would be important psychologically.