The report will mean that the Romney campaign will have to revise on of their often used slogans, "“42 months of unemployment above 8 percent” (Creative Commons/Flickr)

The Romney campaign disputed the new unemployment numbers released Friday, which showed that the jobless rate among U.S. workers had dropped below 8 percent.

At an event in Abingdon, Va., Romney argued that the rate did not take into account Americans who left the job market, The Washington Post reported:

"If you just give up and say, ‘Look I can’t go back to work, I’m just going to stay home,’ why, you’re no longer part of the employment statistics. So it looks like unemployment is getting better, but the truth is, if the same share of people were participating in the workforce today as on the day the president got elected, our unemployment rate would be around 11 percent.”

SEE ALSO: The People Behind September's Unemployment Rate

Romney said that the primary reason the job rate has gone down this year is due to the fact that more people have stopped looking for work. 

For his part, President Obama took a carefully optimistic approach to the report, CNN reported.

Speaking at an event in Fairfax, Va., Obama said:

"Every month reminds us that we've still got too many of our friends and neighbors who are looking for work," Obama said.

"Today's news certainly is not an excuse to try to talk down the economy to score a few political points. It is a reminder that this country has come too far to turn back now," the president added.

Read more about Neon Tommy's coverage of the economy here.

Reach Executive Producer Jackie Mansky here.