Economy adds 243,000 jobs in Jan; unemployment drops to 8.3%

Great news for President Obama – not so great for Mitt Romney.

The folks in the White House couldn’t have asked for a better January jobs report.

The AP: In the most impressive jump for the job market since the middle of last decade, the unemployment rate fell for the fifth-straight month after a surge of January hiring, a promising shift in the nation’s outlook for job growth. The Labor Department says employers added 243,000 jobs in January, the most in nine months. The unemployment rate dropped to 8.3% from 8.5% in December. That’s the lowest in nearly three years.

Remember, Mitt Romney’s biggest argument for being President is that President Obama “didn’t cause the recession, but he made it worse.” Check out the chart below. It shows the rise and fall of unemployment applications. The arrow shows when President Obama’s stimulus policies took affect. Now seriously, does it LOOK like President Obama’s policies “made it worse?”