10 things you need to know today: September 7, 2012

The jobless rate falls to 8.1 percent, Obama makes his case for a second term, and more in our roundup of the stories that are making news and driving opinion

Job seekers line up for a career fair on Aug. 15 in midtown Manhattan: On Sept. 7, the Labor Department announced that the economy added just 96,000 jobs in August.
(Image credit: John Moore/Getty Images)

1. UNEMPLOYMENT RATE FALLS TO 8.1 PERCENT

The Labor Department announced Friday morning that the U.S. economy added just 96,000 jobs in August — well below analysts' expectations of 130,000 or so net new jobs. Still, the unemployment rate fell from 8.3 percent in July to 8.1 percent in August. The Labor Department also revised July's job gains downward, reducing the number from 163,000 to 141,000. The jobs report had been anticipated for days, and will instantly become fodder in the economy-focused presidential race. [Talking Points Memo]

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