US jobless rate falls to 7.8 pct., 44-month low

Yahoo News ^ | Oct. 5, 2012 | By Christopher s. Rugaber, AP Economics Writer

[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.

[virgil]

Liars.

[popdonnelly]

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.

[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!

[Democrat_media]

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

[teflon9]

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!

[teflon9]

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!