US jobless rate falls to 7.8 pct., 44-month low

By: Associated Press Email
By: Associated Press Email

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. The rate fell because more people found work, a trend that could impact the presidential election.

The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first 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 unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.

The decline could help Obama, who is coming off a disappointing debate against Mitt Romney.

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  • by Anonymous on Oct 5, 2012 at 03:03 PM
    And admit something positive happened while Obama is president? Never happen.
  • by Anonymous on Oct 5, 2012 at 10:54 AM
    40%? What a load of steaming manure. Maybe if you count entire population including retirees and newborns. Just for once be happy about good news for america.
  • by Szabla Location: Location on Oct 5, 2012 at 08:29 AM
    Report it correct, 7.9 % of the population is receiving unemployment compensation. With a total of 40% of the population unemployed, this is a depression, not a recession. During the “great depression” having a total of 25% out of work, this is even worse than the “amateurish” Obama administration is willing to admit. We need real “Experienced” leadership with the clear knowledge on how to get us out of this “Obama” mess. Lets give Obama something he really wants to do, a permanent Vacation to play all the basketball and golf he wants.
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