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INSTANT VIEW 2-US jobless rate tumbles to near 4-year low

NEW YORK, Oct 5 (Reuters) - The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.

STORY: TABLE COMMENTS:

ROBBERT VAN BATENBURG, HEAD OF GLOBAL RESEARCH, LOUIS CAPITAL MARKETS, NEW YORK

"The household employment jumped up strongly. That's an important move. These are not government jobs. It's an impressive number."

DAVID MANN, SENIOR CURRENCY STRATEGIST, STANDARD CHARTERED, NEW YORK

"After the upward headline revisions, the payroll numbers are not as weak as people might think. Also, there's a lower jobless rate."

MARKET REACTION: STOCKS: U.S. stock index futures rose . BONDS: U.S. Treasury debt prices tumbled .

(Americas Economics and Markets Desk; +1-646 223-6300)

Keywords: USA ECONOMY/PAYROLLS