TV News LIES

Monday, May 30th

Last update05:20:13 AM GMT

You are here News Economy US unemployment falls to 7.8 pct., a 44-month low

US unemployment falls to 7.8 pct., a 44-month low

E-mail Print PDF

employmentThe 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 dropped from 8.1 percent because the number of people who were employed according to a government survey soared by 873,000 - the biggest monthly jump since 2003. It was an encouraging sign for an economy that's been struggling to create enough jobs. So was the fact that more people decided to look for work in September.

A separate government survey of companies and government agencies showed they added 114,000 jobs in September. And it turns out that 86,000 more jobs were added in July and August than the government had initially estimated.

"An overall better-than-expected jobs report, consistent with most recent data that suggest the economy is gaining some momentum," said Sal Guatieri, an economist at BMO Capital Markets. "The sizable drop in the unemployment rate could lift the president's re-election chances."

More...


Most Recent Related Stories...


A third of cash is owned by 5 U.S. companies

Cash owned by five corporationsThe rising cash holdings of U.S. corporations is increasingly in the hands of a few U.S....

America's top CEOs pocket 355 times more than average workers

Mario GabelliThe US’s top 500 chief executive officers earned 355 times the average worker’s wage last year,...

Poll: Two-thirds of U.S. would struggle to cover $1,000 crisis

One thousand dollars emergency out of reach for two thirds of AmericansTwo-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency,...

U.S. banks help their best customers find their way to offshore accounts

offshore accountsIn the spring of 2015, Miami-based Citigroup banker Victor Olivo emailed the law firm at the...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!