The 7.8% unemployment rate just announced is certainly, if true, an improvement, and in addition it is movement in the right direction.

However, it is important to keep in mind that 7.8% is the best rate during the Obama administration, but that is what the rate was when he took office. 

7.8% was the worst rate of the entire eight years of the Bush administration, which averaged 5.3% over those same eight years. 

Further, and perhaps more worrisomely, there are credible people who question these numbers, asserting that the government has manipulated the number as an antidote to Obama's poor debate performance.   That scepticism in and of itself is a bad sign, showing that it isn't just wearers of the tin foil hat that fear that politics is demanding that information be skewed in one direction or another.

Even if that fear is unfounded, the fact that Jack Welch, the former CEO of GE, is saying it gives the concern credibility.  If this distrust of the government as ruled by the Obama administration grows further, that will be a heavy blow to the relationship between our government and the people is supposedly serves.   It had better not come out that this political manipulation has in fact happened, as that would be a far worse thing, long term, than high unemployment.