Unemployment Rate Falls To 7.8 Percent; Lowest in FOUR YEARS
The U.S. unemployment rate fell to 7.8% last month.
These are the lowest unemployment numbers we’ve seen in four years, undoubtedly giving President Obama a very important victory heading into election day.
The rate fell from 8.1%; the number of people reporting being employed went up 873,000.
“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.
The 7.8 percent unemployment rate for September matches the rate in January 2009, when Obama took office. In the months after Obama’s inauguration, the rate rose sharply and had topped 8 percent for 43 straight months.”
Do feel like the country is on the right track economically?
Will these numbers help President Obama’s reelection prosects?
Sound off below!