The unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama’s re-election bid.
The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest point since January 2009.
A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983. The drop in unemployment came even as Americans come back into the labor force to resume the hunt for work. The workforce had shrank in the prior two months.
The household survey is volatile. A survey of business establishments showed employers added 114,000 jobs to their payrolls last month, a touch above economists’ expectations for 113,000 jobs. Employment for July and August was revised to show 86,000 more jobs created than previous reported…
The central bank, which also pledged to keep overnight lending rates near zero until at least mid-2015, hopes the purchases drive down long-term borrowing costs and spur the recovery.
The Fed’s ultra-easy stance has started to free up credit, giving a lift to consumers, economists said. That, in turn, helped lift retail hiring in September…
There will be lots of details, today – even more discussion of the details. The Party-formerly-known-as-Republican will have to decide which of several rationales will suit their party line: federal statistics wrong, ADP numbers from earlier in the week must be wrong, the sky is falling?
Good news for working people always seems to upset rightwing pundits and politicians.
Exclamation mark in the headline and accompanied by Handel’s Messiah.
40%+ return in 30 days at InTrade, just pick Obama to win.
God wants the negro to win as there is no other reasonable explanation for the sudden drop in joblessness.
Why are Teapublicans against God’s wishes?
DUllass the hypocrite got a second wind after his Messiah lost the debate. Now, go lick Obama’s shoe
PP(poor pedro), why do dumbshit republicans, like you express a Messiah complex all the time?
Is that what the republican collective forces you to say?
It must be hard, (if you’re a rational person) to be a republican and not know what to think; except, for what Karl Rove or Fox News tells you too think!
If you dumb, then having Karl Rove or Fox News be your brain makes it easy!
In other news, hell froze over and pigs have learned how to fly.
Complete BS – can you say the books were cooked. Sometime after the election there will be revisions to that number released which show Joblessness stayed flat or increased.
How to speak out your ass: don’t like something?==just deny it.
total Republican Package:
LIE, CHEAT, AND STEAL.
Silly Hooman.
Coincidentally, just in time for election, surprised they didn’t claim zero percent.
Not surprised Ben didn’t print even more money for the election though, as he dumped pretty much the maximum possible.
There must be a limit though on people dumb enough to believe this, surely some will vote based on the reality they see each day?
Maybe not, seem the fashion trend is against R-Money, this season Ellen and Oprah are prescribing the poorer O-NoMoney.
Poor is in! Poor is the new…
Ben and the president are too far apart to be mentioned one after the other. There are many levels (strings) between the two puppets. I know I sound crazy. Maybe my imagination is just bored.
Bush had a larger increase in jobs in his reelection year, and the unemployment rate only dropped .1%, despite a smaller population.
The factcheckers are rigged, the polls are rigged, the employment numbers are rigged, and the media is rigged. Clearly the voting machines are rigged too, and Obama will cruise to reelection.
I did’t read the article… as soon as i saw the abrupt raise coincide with an Obama debate loss, I call BS on the numbers!
We got 114,000 new jobs in September. That’s about the same number as the number of people that entered the work force.
If you know how the number of unemployed can go down significantly, from 8.2 to 7.8 if my memory serves me, without a lot more jobs than this feel free to share your insights other wise the modern fifth grade with a calculator is supposed to be able to figure out something about these claims does not compute.
The number of working age people who aren’t in the work force hasn’t changed unless I missed it and is still way high.
In any event I was watching a show that did a survey and they got 2% accepting the numbers given as being trustworthy.
You know what else is not trustworthy?
Any Puke doing Math.
………..ZING!!!………..
Worthless Dolts.
This article explains the problem with the conflicting numbers claims for those dealing with reality.
http://newsbusters.org/blogs/noel-sheppard/2012/10/05/number-employed-people-rises-873000-september-highest-december-2008
I did read bobbo’s last post and he obviously doesn’t want to be accused of dealing with reality so maybe he should give it a pass.
Good news for working people always seems to upset rightwing pundits and politicians.
The only “good news” (if you’re an Obama brown noser) is that those people are off the governments unemployment assistance – a.k.a. “welfare” – and therefore they must have found work. It’s not like they aren’t receiving assistance somewhere else or might actually be living in the streets or anything. (Funny how liberals are always so terrible with mathematical statistics being so “enlightened” and all.)
These numbers don’t necessarily mean there are new jobs for anyone other than low wage-earners such as students still living at home. But let’s assume for the sake of argument that these new jobs are a good thing for real people with real financial responsibilities. Has anyone actually looked at what these new jobs ARE?! How about what they PAY?! How about looking at the number of food stamp recipients? Care to look at THOSE NUMBERS?!!! Care to put things into perspective?!
“Lying, Cheating and Stealing” seems to be the mantra of the left side TOO! You’re “enlightened” masters continue to pull the wool over your ignorant eyes TOO! And you leftist’s (like Eidard) are just a little too willing to “believe” what your masters are telling you. So don’t even THINK of looking at any other FACTS! You’re too religiously stupid! Your religion is obviously GOVERNMENT!
I blama Obama for this outrage!