Unemployment Rate Drops to 7.8%, Lowest in Nearly Four Years

The Daily Banter Headline Grab. From The AP:

WASHINGTON (AP) — 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.

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.

Enhanced by Zemanta

Sam Harris Exposes Noam Chomsky as a Pedantic Contrarian Unwilling to Debate Seriously

Sam Harris Exposes Noam Chomsky as a Pedantic Contrarian Unwilling to Debate Seriously

Intellectuals Noam Chomsky and Sam Harris engaged in a rather nasty email spat that has been doing tRead more...
Hillary's Poll Numbers Are Way Up, Despite "Homebrew" Email and Donor Scandals

Hillary's Poll Numbers Are Way Up, Despite "Homebrew" Email and Donor Scandals

Remember when we were all talking about Hillary Clinton's "homebrew" email server? It seems like yeaRead more...
Jimmy Fallon's Shot-for-Shot Extreme Video Is the Unfunniest Damn Thing Ever Done on Late Night

Jimmy Fallon's Shot-for-Shot Extreme Video Is the Unfunniest Damn Thing Ever Done on Late Night

I should let it go. I know. But I can't, not when Jimmy Fallon's latest viral sensation is literallyRead more...