Friday, 5 October 2012

UNEMPLOYMENT RATE: CAN OBAMA BREAK EVEN?

The unemployment rate tumbled in September as more people returned to the labor force and steady hiring continued.
Employers added 114,000 jobs during the month, down from a revised 142,000 jobs
in August, the Labor Department said Friday. But revisions to July and August mean the economy added 86,000 more jobs than originally reported in those months.
Meanwhile, the unemployment rate unexpectedly fell to 7.8% in September, from 8.1% the prior month.
Although the revisions were positive, the economy is growing at the same sluggish pace it has been since the spring, and is showing few signs of speeding up any time soon.
The country generally needs at least 150,000 new jobs each month just to keep up with population growth

Culled:CNN
Edited:LII.

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