If the unemployment rate goes down again (and it could because of pre-holiday sales extra hiring etc.), then it might be an additional piece of good news that could help Obama in the final weekend of campaigning before November 6 and push some undecided voters across the finish line.

The thing is if the last batch of numbers was too positive you may see a reversal back up.

The drop reported in the unemployment rate is commensurate with GDP growth of 4-5%. Since we don't have that kind of growth it seems we may have had some statistical anomaly in the unemployment rate. Also, the odd thing is that when people feel more optimistic, they jump back into the job market and that increases the denominator also increasing the rate.

We need to lower expectations for the next number if anything.