Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US jobless rate falls to 7.8 pct., 44-month low
Yahoo News ^ | Oct. 5, 2012 | By Christopher s. Rugaber, AP Economics Writer

Posted on 10/05/2012 6:59:50 AM PDT by dubyajam

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 and giving President Barack Obama a potential boost with the election a month away.

The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that's been struggling to create enough jobs.

The number of unemployed Americans is now 12.1 million, the fewest since January 2009.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: joblessrate; obama

1 posted on 10/05/2012 6:59:57 AM PDT by dubyajam
[ Post Reply | Private Reply | View Replies]

To: dubyajam

REALLY??? ARE THEY FRIGGIN SERIOUS????? All of a sudden this happens?? Dont believe the author of this article.... he is trying to give Obama a boost. Read the Yahoo comments from people. They are laughing.


2 posted on 10/05/2012 7:01:25 AM PDT by dubyajam ("Life is Hard ... It's Even Harder When you're Stupid" --- John Wayne)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

More desperation from the commie left. They are scared to death of what is about to happen. This “report” is BULL****!


3 posted on 10/05/2012 7:02:36 AM PDT by FlingWingFlyer (Sorry Algore. It was attitude, NOT altitude.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

It’s funny to read the stories at Yahoo and then read the comments. It’s like one Pravda writer vs thousands of Radio Free Europe listeners.


4 posted on 10/05/2012 7:03:02 AM PDT by nhwingut (Sarah Palin 12... No One Else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

These unemployment numbers are fake.

This Obama POS socialist is a corrupt dictator.

We must vote for Mitt Romney to get rid of this cancer called Obama. Donate to Romney or volunteer to call people in swing states.If you value freedom, or America or even your own life get this POS Obama out of office. The time is now.

Romney destroys and exposes this socialist pos Obama and so they put out this fake number . It’s an October surprise and to get the news off of the debate trouncing the crap called Obama got.Rush predicted this October surprise numbers a year ag


5 posted on 10/05/2012 7:04:41 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam
Lies, lies and lies.
When it was 5% under Bush, the media was screaming bloody murder.

6 posted on 10/05/2012 7:05:15 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

Gained approx 114,000 jobs but the number who gave up and are not counted is more than 700K!!! Manipulated numbers in a cheating ploy that many predicted months ago.

Lying, cheating, National Socialist Democrat Party.

FUBO & FAD


7 posted on 10/05/2012 7:05:37 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

How convenient.


8 posted on 10/05/2012 7:06:21 AM PDT by glorgau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media

RUSH FOR PRESIDENT!!!!


9 posted on 10/05/2012 7:07:02 AM PDT by dubyajam ("Life is Hard ... It's Even Harder When you're Stupid" --- John Wayne)
[ Post Reply | Private Reply | To 5 | View Replies]

To: dubyajam

Real unemployment is over 20%.

50% of college graduates can’t even find jobs and so they live with their parents.

Almost 50% of population on some kind of government check or foodstamps,disability or unemployment check , no real jobs created. But the media lies


10 posted on 10/05/2012 7:07:59 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

WHAT a load of crap.

Seriously, is this the BEST the Obama PR Machine (aka MSM) can do?!


11 posted on 10/05/2012 7:07:59 AM PDT by Tigerized ("..and whack 'em, and whack 'em, and whack 'em!' cried the Toad in ecstasy." (also my 2012 strategy))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media

I think that most rational people will understand that these numbers are fake. Only those trying to push the lie will go out and tout these numbers as genuine.

“Your weekly chocolate rations have been increased from 100 grams to 80 grams...”


12 posted on 10/05/2012 7:09:23 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 5 | View Replies]

To: dubyajam

These unemployment numbers are fake.

This Obama POS socialist is a corrupt dictator.

We must vote for Mitt Romney to get rid of this cancer called Obama. Donate to Romney or volunteer to call people in swing states.If you value freedom, or America or even your own life get this POS Obama out of office. The time is now.

Romney destroys and exposes this socialist pos Obama and so they put out this fake number . It’s an October surprise and to get the news off of the debate trouncing the crap called Obama got.Rush predicted this October surprise numbers a year ago


13 posted on 10/05/2012 7:09:42 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

More Big Government lies from the Obama administration.


14 posted on 10/05/2012 7:10:58 AM PDT by FlingWingFlyer (Sorry Algore. It was attitude, NOT altitude.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

My BULL$h!+ meter just blew a 50 amp fuse !!!!! WTF !!!


15 posted on 10/05/2012 7:12:08 AM PDT by Lionheartusa1 (-: Socialism is the equal distribution of misery :-)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Democrat_media

Wonderful these “magical” good numbers.

In my area, the only new business I have seen to open is the Halloween costume/supplies store. It rented the same empty, closed former carpet(?) store that it has rented the last few years. The Halloween supplies store rents it a couple months prior and then departs right after Halloween.

Of course the old carpet store is empty the rest of the year, though the owners would love to find a full time tenant.

But the new jobs just aren’t here that I can see.

Oh, wait..a couple years ago, a new GoodWill store (thrift store—used clothing, etc) opened after the former auto accessories store left.


16 posted on 10/05/2012 7:13:13 AM PDT by OldArmy52 (The MSMedia functions in the USA as Pravda functioned in the USSR.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: dubyajam

Even if (playing devil’s advocate here) the numbers are not totally cooked, they’re not jobs that will improve the public’s mood. They’re mostly temp jobs, part-time jobs, low-wage service sector jobs. They’re not the “I can buy a house, a new car send my kids to college” kind of jobs that people really want and need. Retailers are piling on temps for the “holidays” (and this even includes Halloween). That’s all.


17 posted on 10/05/2012 7:14:49 AM PDT by teflon9 (Political campaigns should follow Johnny Mercer's advice--Accentuate the positive.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: teflon9

I forgot to add that they’re mostly jobs with few or no beneifts.


18 posted on 10/05/2012 7:15:29 AM PDT by teflon9 (Political campaigns should follow Johnny Mercer's advice--Accentuate the positive.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: BitWielder1

“Lies, lies and lies.”

The same Bureau of Labor Statistics will issue the last Consumer Price Index Report prior to the election on October 16. The September report indicated the inflation rate on all items (including food and energy) was running at an annualized 1.7% rate. Excluding food and energy it is running +1.9%. Food price inflation annualized was reported at +2.0% and energy price inflation reported at minus 0.6%.

Gasoline prices are climbing and I’d be happy if food prices in my grocery store were only increasing at a 2% annual rate. No doubt the books are being cooked here as well.


19 posted on 10/05/2012 7:16:45 AM PDT by Soul of the South
[ Post Reply | Private Reply | To 6 | View Replies]

To: dubyajam

Jack Welch predicted this bs from the Chicago thugs in charge of the outhouse.

http://www.freerepublic.com/focus/f-news/2940609/posts

JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful

Business Insider ^ | 10/05/2012 | Brett LoGiurato

Posted on Friday, October 05, 2012 6:56:20 AM by SeekAndFind

Former GE CEO Jack Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and the unemployment rate falling to 7.8 percent:


20 posted on 10/05/2012 7:17:25 AM PDT by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam; All

All I can say is: Bovine Excrement

Those stats are BOGUS


21 posted on 10/05/2012 7:17:51 AM PDT by SeminoleCounty (Political maturity is realizing that the "R" next to someone's name does not mean "conservative")
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

in your face desperation manipulation,

they really are running scared to be so blatant,

and they know the MSM will shill it out as truth,

Pray that God will rebuke this evil

“Verily I say unto you, Whatsoever ye shall bind on earth shall be bound in heaven: and whatsoever ye shall loose on earth shall be loosed in heaven.” Matthew 18:18


22 posted on 10/05/2012 7:19:15 AM PDT by captmar-vell
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

Rush Limbaugh predicted this months ago. The numbers would magically drop below 8% just before the election.

I’m sure on his radio show today he will play the archive recording of his prediction.

The press is having a love fest over this. Something to distract the public from Zero’s disastrous debate performance.


23 posted on 10/05/2012 7:20:56 AM PDT by ShovelThemOut
[ Post Reply | Private Reply | To 20 | View Replies]

To: dubyajam

Obama ought to be able to explain specifically and exactly how this supposed surge of employment occurred. If the stats are legit he should have no trouble answering that question.

Of course we know what his answer will be: vague mush which amounts to “well it’s just because I’m so wonderful!”


24 posted on 10/05/2012 7:22:27 AM PDT by hitkicker (The only thing worse than a politician is a child molester)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam
7.8 pct. is a 44-month low?

Isn't that just more of an indictment of zero's incompetance?

25 posted on 10/05/2012 7:24:12 AM PDT by V_TWIN (obama=where there's smoke, there's mirrors)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam



26 posted on 10/05/2012 7:25:07 AM PDT by tomkat
[ Post Reply | Private Reply | To 1 | View Replies]

To: ShovelThemOut

agreed.. this regime is completely corrupt. who exactly did they have to threaten to get these numbers? I don’t believe this for one second.

Romney is going to have to respond to this. So millions upon millions fall off the charts and run out of their unemployment money,and then become permananently unemployed and we are supposed to believe the number is 7.8? notice how is 7.8 and not 7.9....??


27 posted on 10/05/2012 7:25:35 AM PDT by Chuzzlewit
[ Post Reply | Private Reply | To 23 | View Replies]

To: dubyajam

Freepers think that Yahoo is a hard-left site which it is but people don;t understand that they’re smart enough to know they use it as a free email system and that’s it. It just happens they try to place AP-lefty articles to break you...just like mail.com, another AP owned propaganda machine.

Yes, the comments are a hoot LOL


28 posted on 10/05/2012 7:30:02 AM PDT by max americana (Make the world a better place by punching a liberal in the face)
[ Post Reply | Private Reply | To 2 | View Replies]

To: dubyajam

Every American now has 3 jobs! Yeah!@


29 posted on 10/05/2012 7:31:12 AM PDT by MrDem (Founder: Democrats for Cheney/Palin 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

I figured it out. Getting food stamps is now considered ‘employment’.


30 posted on 10/05/2012 7:34:00 AM PDT by RadiationRomeo (Step into my mind and glimpse the madness that is me)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

I call bs


31 posted on 10/05/2012 7:35:42 AM PDT by yldstrk (My heroes have always been cowboys)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RadiationRomeo

And not having to work for welfare effectively takes you out of the labor force.


32 posted on 10/05/2012 7:40:08 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Grampa Dave

We knew this would happen. Gangster government 101.


33 posted on 10/05/2012 7:41:13 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: teflon9
I read one lib comment that part time jobs for the holidays will only keep making this pRez look better. Ugh!!

This intellect level is what scares me.

34 posted on 10/05/2012 7:43:28 AM PDT by Jane Long (Soli Deo Gloria!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: dubyajam

BULLPOOP, BULLPOOP, BULLPOOP, AND BULLPOOP! Amazing how this “wonderful data” emerges after the debate, isn’t it? See, Sheeple, O’s program is working.. what a load!


35 posted on 10/05/2012 7:43:45 AM PDT by momtothree
[ Post Reply | Private Reply | To 1 | View Replies]

To: stephenjohnbanker

Gangster government 101 is an excellent description of Lord Obozo and his Chitown Mafia Thugs running our government.


36 posted on 10/05/2012 7:46:58 AM PDT by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Grampa Dave

We should do a TV ad showing Rick Santelli and Jack Welch

talking about these phony numbers.


37 posted on 10/05/2012 7:48:48 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: dubyajam
Obama did not have time to prepare for the debate with Mitt Romney because he was working for the middle class getting them jobs, real jobs. Hiring 2 million teachers to work at Solyndra and Tesla Motors, and Fisker, and spiking the ball after killing Osama Bin Laden.

Truth be known the only jobs he has created in the last month were out sourced to the Libyan Embassy, following some unexpected and unfortunate openings.

We can all agree that he is responsible for those four job openings.

38 posted on 10/05/2012 7:50:22 AM PDT by urbanpovertylawcenter (where the law and poverty collide in an urban setting and sparks fly)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam; All

There might be one way for the GOP to blunt this “announcement”. In which states have these “employment gains” been realized? If there have been any gains at all, I’ll wager they’ll have occured in Republican governed states where spending reductions and low tax policies are allowing businesses to survive and flourish, such as Texas!

Romney should lead out with that along with the assertion that the unemployment rates have dropped because 700 thousand folks have simply dropped off the unemployment rolls and have given up looking for a job, hence the skewed numbers. (The real numbers of currently employed could be gained by the numbers of active w4 forms that show active witholding, for example)


39 posted on 10/05/2012 7:54:40 AM PDT by mdmathis6 (We have grieved the Holy Spirit, with our Dark hearts and dark minds turned against God!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: dubyajam

In 2005, everyone I knew was employed. In 2012, 25% of the people I know are unemployed. Strange how a 2% difference according to the govt equals a 25% difference in my world.


40 posted on 10/05/2012 7:54:57 AM PDT by Kirkwood (Zombie Hunter)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

Liars.


41 posted on 10/05/2012 8:01:56 AM PDT by virgil
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

Unemployment is at 7.8%, and the attack in Benghazi was caused by a film trailer. Does anyone believe anything that comes out of this collection of unscrupulous leftists in the Administration? We’re living under a government where propaganda takes the place of reality.


42 posted on 10/05/2012 8:35:59 AM PDT by popdonnelly (The first priority is get Obama out of the White House.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dubyajam

The biggest 1 month drop in 29 years and it happens right after a bad debate?

AND.... the U-6 remains unchanged at 14.7?????

BS!


43 posted on 10/05/2012 8:59:10 AM PDT by Mikey_1962 (Obama: The Affirmative Action President.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mikey_1962

The biggest 1 month drop in 29 years and it happens right after a bad debate?

AND.... the U-6 remains unchanged at 14.7?????

BS!

Great catch. Everyone forgets that it’s the federal government which generates these numbers. who trusts the government anyway or Obama the socialist pos tyrant? Not me


44 posted on 10/05/2012 10:25:45 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
[ Post Reply | Private Reply | To 43 | View Replies]

To: stephenjohnbanker
I listened to Larry Kudlow (a great economist who worked in the Reagan administration and has NO love for Obumma) and he said the numbers are not fake (and Jack Welch should know better) but they are flukey has hell. A surge in part-time (i.e. lousy pay and no bennies) and "self-employed" is responsible for this seeming surge, but corporate payroll hirings are very weak. The unemployment numbers will probably (sez Kudlow) bounce back to around 8.0 on Nov. 2 (right before election day). So called U6 unemployment (unemployed plus underemployed) is almost 15 percent!
45 posted on 10/07/2012 7:36:04 AM PDT by teflon9 (Political campaigns should follow Johnny Mercer's advice--Accentuate the positive.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: stephenjohnbanker
I listened to Larry Kudlow (a great economist who worked in the Reagan administration and has NO love for Obumma) and he said the numbers are not fake (and Jack Welch should know better) but they are flukey as hell. A surge in part-time (i.e. lousy pay and no bennies) and "self-employed" is responsible for this seeming surge, but corporate payroll hirings are very weak. The unemployment numbers will probably (sez Kudlow) bounce back to around 8.0 on Nov. 2 (right before election day). So called U6 unemployment (unemployed plus underemployed) is almost 15 percent!
46 posted on 10/07/2012 7:36:11 AM PDT by teflon9 (Political campaigns should follow Johnny Mercer's advice--Accentuate the positive.)
[ Post Reply | Private Reply | To 37 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson