The latest report on U.S. job growth shows that the jobless rate continues to decline, and at a very rapid rate.
U.S. unemployment is down to 8.8%, down a full percentage point from just four months ago. Most economists predict that the economy will continue to rebound throughout this year, making large gains by the end of the year.
While this is good news for the Obama administration, this is not good for the GOP who hopes to capitalize on voter discontent with the economy next year. The improving unemployment rate is another major difficulty for Romney to overcome if he is to be elected next year.