Skip to comments.US jobless rate falls to 7.8 pct., 44-month low
Posted on 10/05/2012 5:44:02 AM PDT by Oldeconomybuyer
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.
(Excerpt) Read more at news.yahoo.com ...
I expect many more of these "surprises" in the final 30 days.
What a surprise! The number of jobs created this month was 30,000 less than last month...but they magically knocked off .4% from that percentage of unemployed right before the election, so it was way under the dreaded 8%.
I guess that 50% of college graduates who can’t find jobs should go to the Labor Dept. They’ve found half a million jobs there in the last month.
What a bunch of bad liars this administration is!
We knew this was coming though... BLS is looking out for the boss. Next month it drops to 7.4%.
Dear Darrel Issa: investigate BLS next.
Exactly. 28,000 fewer jobs created yet the unemployment rate goes down 3 tens of a percent? 114,000 nonfarm jobs in Sept.(104,000 private sector) vs. 142,000 in August.
The GOP needs to out in force today
Destroying this scam !
Only 900000 Lodi g jobs could do this flip .
It’s not possible !
Several business anchors openly skeptical of the data.
Show them the 144 vs 139 million, and THAT they will understand very clearly. No spin can change that... which is why the numbers are rarely presented that way.
They went through previous months’ data and revised each month to find 500K more jobs.
I’ve followed jobs reports for years. I’ve never seen this happen before.
Score another one for Rush Limbaugh.
We had several reports just this week saying how companies were NOT planning to hire.
I guess the SEIU HIRED ALL the OBAMA PHONE OWNERS!! One MILLION in OHIO Alone!! 16 MILLION in all!!
I hope that Mitt Romney will be able to bring this truth to the American people in the next debate...in the same fashion he used his sons as a example the other night when calling out Obama on a mis truth.
Recall the debate. Romney told Ø “You’re entitled to your own house, to your own plane, but not to your own facts.” Obama is trying to invent his own facts. Romney needs to educate dumb voters about this and can tie it into memories of the debate.
I bet Barack Obama’s grandmother will die again, too.
I follow these things pretty closely as well and have never seen these kind of revisions. And never so blatantly timed to coincide with an election.
Well if Romney’s Wall Street buddies want to see him elected, they better start working on an October Crash.
Because it’s obvious which side the government statisticians are on.
So what did Obama do to cause this miracle? The stimulus was spent long ago and all his job crushing regulations are still in place?
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