Unemployment drops to 7.7%

The February jobs report has been released:

U.S. employers added 236,000 jobs to non-farm payrolls in February, the Bureau of Labor Statistics reported on Friday, up from 119,000 in January. That was the best payroll growth since 247,000 jobs last November and the second-best month for job growth of the past 12 months. The unemployment rate dropped to 7.7 percent from 7.9 percent in January, with 12 million people looking for work. That is the lowest unemployment rate since December 2008, when the rate was 7.3 percent.

Mitt Romney promised us that the unemployment rate would go down and the stock market would go up after the election.

I'm guessing he had other reasons in mind, though...