SHOCKER… Unemployment Rate Drops to 7.8%

Drudge reported:
SEPT. EMPLOYMENT: +114,000...
Total employment 'highest one-month jump in 29 years'...
Welch: Obama manipulating numbers after debate performance...
Rate Plummets to 4.3% -- For Govt Workers...

The unemployment rate dropped to 7.8% this month the lowest rate since Obama took office.

NBC reported:

The nation’s unemployment rate dropped to the lowest it has been in almost four years in September, giving President Barack Obama a potential upbeat talking point as the presidential race heads into the final innings.

The Labor Department reported Friday that the unemployment rate fell to 7.8 percent in September, a decline of 0.3 percentage point and the lowest since January 2009. It was the first time the jobless rate has fallen below 8 percent in almost four years.

The government said the economy created 114,000 jobs, about as expected, and generated 86,000 more jobs in July and August than first estimated.

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 shrunk in the prior two months. The household survey is volatile, however.

Barack Obama is the worst jobs president since the Great Depression.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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