Posted by: maboulette | October 5, 2012

NEWS ON THE ECONOMY

English: Barack Obama delivers a speech at the...

WASHINGTON — The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 – an encouraging sign for an economy that’s been struggling to create enough jobs.

The number of unemployed Americans is now 12.1 million, the fewest since January 2009.

The Labor Department said employers added 114,000 jobs in September. It also said the economy created 86,000 more jobs in July and August than the department had initially estimated.

Wages rose in September. And more people started looking for work.

The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months.


Responses

  1. If you really believe this …I have a bridge here in PA for you. The economy is NOT getting better and it won’t under these policies. The actual people that create jobs in this country are NOT going to plop down their money to invest and expand knowing that Washington is going to tax or regulate it away from them. The goose has stopped laying golden eggs for the looters to steal!


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