73°
Baton Rouge, Louisiana
3 Day Outlook
Sun
82°
62°
10%
Mon
81°
59°
40%
Tue
82°
63°
50%
TrueView© Local Radar

Latest Weather Blog

Follow our weather team on social media

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

2 years ago Friday, October 05, 2012 5:56:25 AM CDT October 05, 2012 Friday, October 05 2012 Oct 5, 2012 in News

WASHINGTON  - The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate fell because more people found work, a trend that could impact the presidential election.

The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.

The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months. The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.

The decline could help Obama, who is coming off a disappointing debate against Mitt Romney.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
73°
53°
Sun
Mostly Sunny
82°
62°
Mon
PM T-Storms
81°
59°
Tue
AM T-Storms
82°
63°
Wed
PM T-Storms
81°
65°