TV News LIES

Friday, Feb 23rd

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...


Dow Jones plunges 1,000 points as inflation fears spook investors

Stock Market plunges more than 1000 points Wall Street was on Thursday heading for its toughest week in more than two years after...

Dow plummets 665 points, capping worst week in 2 years

Stock Market U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow...

U.S. Stocks Plummet, Erasing Gains for the Year

US stocks plummetU.S. stocks plunged, sending the Dow Jones Industrial Average down almost 1,600 points, as major averages...

Bombardier Gets Surprise Win After U.S. Rebuffs Boeing Trade Case

Bombadier wins right to ship to US without tariffBombardier Inc. can start shipping C Series jets to Delta Air Lines Inc. as scheduled after...
 
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!