TV News LIES

Tuesday, Oct 21st

Last update06:44:28 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...


Trump administration freezes $11bn for infrastructure in Democratic states

Trump cuts funds for Dem statesThe White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...

3 share Nobel Prize in Economics for work on technology, growth and creative destruction

Nobel in EconomicsThe Nobel Prize in economics was awarded to a trio of researchers Monday for their work...

Judge temporarily blocks Trump administration from firing workers during government shutdown

judge susan illstonPresident Trump's administration for now must stop firing workers during the government shutdown, a federal judge...

Trump announces 100 percent tariff on China in response to rare earth controls

100% tariff on ChinaPresident Trump announced Friday he will raise tariffs on China in response to a move from...
 
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!