This jobless rate has fallen to its lowest since January 2009, and below 8% for the first time since the recession began. The September unemployment rate is 7.8%, according to the official Labor Dept. report.
Employers added non-farm 114,000 jobs in September, up from 96,000 reportedly added in August. One downside: "many of the jobs added last month were part time," the AP reports.
As we've reminded you before, no incumbent US president since FDR has won re-election with unemployment at 8% or higher. And for the past few months, it's been highly doubtful that the rate would dip below 8% this year. This news could help Obama as much because of the optics as the underlying economic reality.
It's that ppl have a hard time getting the finger out of you know where to try and become a doctor,nurse,lawyer in 3 months by those get a degree in weeks seen on tv. Nobody wants to put that pride away these days.
I just read an article yesterday that said job centers in NY help people get public assistance rather than helping them find a job. Why work when you can sit home and play video games while snorting Xanax?
Lorth you are absolutely right. What's even more sad is how many manufacturing jobs go unfilled because the applicants can't pass a simple entrance exam requiring them to convert measurements or to calculate how many 5.5 inch pieces can be cut from a 7 foot steel rod assuming a 1/16 inch cut width.
LOL - Is anyone really surprised by this? The numbers don't add up, but it was predicted ages ago that miraculously the unemployment number would fall well below 8% just before the election. Logically, the number makes no sense. We added a whopping 114,000 jobs, when 350,000 or more typically needed to lower unemployment. In August some 500,000 or so just left the workforce lowering the number to 8.1%. This is why the numbers just don't make sense. The numbers, 800,000 people finding work vs only 114,000 jobs being created don't jibe until you go to the BLS and find that of that 800,000 who found work, 600,000 or more found part-time jobs. I have a sneaky feeling that these numbers will be quietly revised up and the general public will never hear of it.
I've been hearing that this number isn't really correct. If you take the unemployed that have stopped looking the count would be at least 11%. Those people aren't factored in on the monthly employment list.
Good News - Monthly employment increased by114,000 positions in September.--- Bad News - The average monthly rate for 2012 is 146,000 positions (we aren't doing as well as the rest of the year)--- Worse News - The average monthly rate for 2011 was 153,000 positions (we aren't even doing as well as we did last year)--- Terrible News - The median family income, when adjusted for consumer price index, continues to plunge.
I do not believe this for one second. Isn't it ironic that after Obama gets stomped in a debate and his flawed policies are exposed, that the unemployment rate suddenly falls below 8% only a month before election time? Even a third grade economics student would be able to figure this one out. The Dems are desperate and are pulling out all stops and lying and manipulating doesn't bother Obama and his minions one bit. What a disgrace.
@Mercury34 Just look at all the other lies this fool has told and how they lied about Libya and Egypt and everything else. This regime is nothing but liars. You should be able to figure this out just by knowing who and what this regime is made of.
@Pack7 - You have to actually look at the numbers. They aren't good. We don't like it when the liberals refuse to face the evidence, lets not do it ourselves. If you can show us how the numbers are manipulated, then give us the same evidence as you see. Thanks
It may sound all good and well, but how many have simply dropped out of the workforce? How many accounted for only part time employment? I have always said the Dept. of Labor rate is a cooked one. Factor in those who dropped from the workforce and that number is more like 12%
It's a lie, of course. Who didn't see this coming? Remember just yesterday we were told that the unemployment rate was now 8.2% because new jobless claims rose the previous week? Were those figures not for the last week of September? Remember we have been told new orders for durable goods have fallen by 13%? They can't have it both ways. The truth was out just yesterday. How quickly people forget.
This was predicted. The Bamster gets spanked at the debate concerning the economy and now, the unemployment number comes down????? Where are these jobs? What industry? Or is it more "fixing of the numbers" so when the layoff notices go out,(suppose to according to federal law anyways) before the election for 300,000-400,000 the unemployment number wont be 8.5 or higher? The Bamster will lie and fraudulently say/do anything to keep the free plane and the nice house wont he? I guess there are more American citizens he wants killed due to his policies, and more terrorists he wants to bring to the white house. Way to go liberals!!!!!!
I find it so interesting that the GOP denies & says the Labor Dept figures are "fudged & lies" when they're released under Obama's presidency, but accepts them when released under a GOP presidency. Not surprised, though, since most of what they say & do is "talk" out of both sides of their mouths.
no we're seeing rush Limbaugh make yet again another prediction come true he predicted almost the exact number and time that this would come out before the election. I guess that's why he's rush Limbaugh and Obama is a liar