Unemployment Rate Falls Below 8% to the Lowest Level Since President Obama Took Office
These BLS data beneath the headline might put to rest the Romney talking point that the drop in the unemployment rate is a function of fewer people looking for work:
These BLS data beneath the headline might put to rest the Romney talking point that the drop in the unemployment rate is a function of fewer people looking for work:
There were 802,000 discouraged workers in September, a decline of 235,000 from a year earlier... Discouraged workers are persons not currently looking for work because they believe no jobs are available for them...
The number of unemployed persons, at 12.1 million, decreased by 456,000 in September.
Total employment rose by 873,000 in September, following 3 months of little change. The employment-population ratio increased by 0.4 percentage point to 58.7 percent." - source: http://www.bls.gov/news.release/empsit.nr0.htm
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