News / USA

US Jobless Rate Dips to 7.8 Percent

VOA News
The U.S. jobless rate fell to 7.8 percent in September, the first time in 44 months it had dipped below the 8-percent level.

In a key government report, one month ahead of the country's presidential election, the U.S. said Friday the country's labor market added 114,000 jobs last month. It also revised the estimate for new hiring in July and August sharply upward, saying the economy added 86,000 more jobs than initially calculated.

The August unemployment rate had been pegged at 8.1 percent, and some economists predicted it would edge even higher in September. The U.S. Labor Department said the figure dropped because employers added more part-time workers last month.

The state of the American economy, the world's largest, is at the center of the political campaign for the November 6 election. President Barack Obama, the Democratic incumbent, and his Republican challenger, wealthy businessman Mitt Romney, sparred repeatedly in their debate this week about who could boost job growth more during the next four years.

Romney called the latest jobs report "not what a real recovery looks like." Obama noted that the jobless rate is now at its lowest point since he took office. Obama said economic challenges remain, but criticized Republican attempts to downplay the favorable report.
US unemployment graphi F1 US unemployment
"But today's news certainly is not an excuse to talk down the economy to score a few political points. It's a reminder that this country has come too far to turn back now," Obama said.

Since World War II, no U.S. president has been re-elected to a second term with a national jobless rate above 7.4 percent.

Romney says that if he is elected his economic program will produce 12 million new jobs.  Obama points to the 5.2 million new jobs that he says have been added to the economy in the last two and a half years.  A recent government reassessment of hiring showed there has been a modest net gain of jobs during his White House tenure, after millions were lost in the early months of his term.

More than 12 million workers remain unemployed, with millions more working at part-time jobs or employed in ones they consider beneath their skill level. But the government said the number of jobless workers dropped by 465,000 in September.

The United States has struggled to recover from its steep economic downturn in 2008 and 2009, the worst recession in the country since the Great Depression in the 1930s. In the government's most recent accounting, the U.S. economy advanced a meager 1.3 percent in the April-to-June period.

The country's central bank has kept its key benchmark borrowing rate at near zero percent for an extended period. But several attempts by the Federal Reserve to boost the economy through purchase of government and real estate-related securities seem to have had a limited effect on advancing the recovery.

Some information for this report was provided by AFP and Reuters.

You May Like

Video Snowstorm Sweeps Northeastern US

'This is nothing like we feared it would be,' New York City Mayor Bill de Blasio says; he had warned storm could be one of worst in city history More

Millions of Displaced Nigerians Struggle With Daily Existence

Government acknowledges over a million people displaced in 2014 due to fight against Boko Haram insurgency More

Facebook: Internal Error to Blame for Outages

Temporary outage appeared to spill over and temporarily slow or block traffic to other major Internet sites More

This forum has been closed.
Comment Sorting
Comments
     
by: Godwin from: Nigeria
October 06, 2012 9:39 AM
Revised sharply upward, added 86,000 jobs in retrospect, hmn? What an economy! How many people have been penalized for that false reporting for July and August job performance? I bet no one. This America sef! They will do anything in the name of democracy to force in someone on the people just because he belongs. Well anyway, the unemployment remains a dismal 7.8% which is not a favorable number. Obama is at his wits end in this matter, believe it or not. I believe he's made his mark as the first blackman to rule America, but his effort has not yielded the much desired result, and he's not been able to match his words with action because, like it or not, his connection has not been able to link him with what it takes to succeed at the job. Shouting eureka at 7.8% unemployment does look like you're out of the woods, really? Not yet. Let someone else try.


by: NVO from: USA
October 05, 2012 12:21 PM
The media is controlled by the Rockefeller family! People, WAKE UP! The media will only tell you what you think you should hear, because they, again, are controlled by NEW WORLD ORDER proponents!!

In Response

by: Godwin from: Nigeria
October 06, 2012 9:46 AM
"The media will only tell you what they want you to hear", that's the whole truth, and that's why opinions that do not favor the candidate of their choice hardly get published. Thanks NVO (USA), your contribution is pretty revealing.


by: Jillian Galloway from: local
October 05, 2012 10:01 AM
If we're really interested in creating jobs and protecting children then we should legalize marijuana like beer and wine. American taxpayers are being forced to pay $40 Billion a year for a prohibition that causes 10,000 brutal murders & 800,000 needless arrests each year, but which doesn't even stop CHILDREN getting marijuana.

After seventy-five years of prohibition, it's obvious that the federal marijuana prohibition causes FAR more harm than good and must END! Drug Dealers Don't Card, Supermarkets Do.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Obama Urges Closer Economic Ties During Historic India Visiti
X
Aru Pande
January 26, 2015 9:33 PM
U.S. President Barack Obama says the United States and India must do better to capitalize on untapped potential in their economic relationship - by removing some of the roadblocks to greater trade and investment. As VOA correspondent Aru Pande reports from New Delhi, Obama spoke after participating in India’s Republic Day celebration.
Video

Video Obama Urges Closer Economic Ties During Historic India Visit

U.S. President Barack Obama says the United States and India must do better to capitalize on untapped potential in their economic relationship - by removing some of the roadblocks to greater trade and investment. As VOA correspondent Aru Pande reports from New Delhi, Obama spoke after participating in India’s Republic Day celebration.
Video

Video US, EU Threaten New Russia Sanctions Over Ukraine

U.S. President Barack Obama has blamed Russia for an attack by Ukrainian separatists that left dozens dead in the port of Mariupol and cast further doubt on the viability of last year’s cease-fire with the Kyiv government. VOA’s Michael Bowman reports from Washington.
Video

Video White House Grapples With Yemen Counterterrorism Strategy

Reports say the U.S. has carried out a drone strike on suspected militants in Yemen, the first after President Barack Obama offered reassurances the U.S. is continuing its counterterrorism operations in the country. The future of those operations has been in question following the collapse last week of Yemen’s government. VOA White House correspondent Luis Ramirez reports.
Video

Video Kerry Warns Against Violence in Nigeria Election

US Secretary of State John Kerry visited Nigeria Sunday in a show of the level of concern within the U.S. and the international community over next month’s presidential election. Chris Stein reports.
Video

Video Zoo Animals Show Their Artistic Sides

The pursuit of happiness is so important, America's founding fathers put it in the Declaration of Independence. Any zookeeper will tell you animals need enrichment, just like humans do. So painting, and even music, are part of the Smithsonian National Zoo's program to keep the animals happy. VOA’s June Soh met some animal artists at the zoo in Washington. Faith Lapidus narrates.
Video

Video Worldwide Photo Workshops Empower Youth

Last September, 20 young adults from South Sudan took part in a National Geographic Photo Camp. They are among hundreds of students from around the world who have learned how to use a camera to tell the stories of the people in their communities through the powerful medium of photography. Three camp participants talked about their experiences recently on a visit to Washington. VOA’s Julie Taboh reports.
Video

Video Saudi, Yemen Developments Are Sudden Complications for Obama

The death of Saudi Arabia's King Abdullah and the collapse of Yemen’s government have cast further uncertainty on U.S. efforts to fight militants in the Middle East and also contain Iran’s influence in the region. VOA White House correspondent Luis Ramirez reports on the new complications facing the Obama administration and its Middle East policy.
Video

Video Progress, Some Areas of Disagreement in Cuba Talks

U.S. and Cuban officials are reporting progress from initial talks in Havana on re-establishing diplomatic ties. U.S. Assistant Secretary of State (for Western Hemisphere Affairs) Roberta Jacobson said while there was agreement on a broad range of issues, there also are some “profound disagreements” between Washington and Havana. VOA State Department correspondent Pam Dockins has the story.
Video

Video US, Japan Offer Lessons as Eurozone Launches Huge Stimulus

The Euro currency has fallen sharply after the European Central Bank announced a bigger-than-expected $67 billion-a-month quantitative easing program Thursday - commonly seen as a form of printing new money. Henry Ridgwell reports for VOA from London on whether the move might rescue the eurozone economy -- and what lessons have been learned from similar programs around the world.
Video

Video Nigerian Elections Pose Concern of Potential Conflict in 'Middle Belt'

Nigeria’s north-central state of Kaduna has long been the site of fighting between Muslims and Christians as well as between people of different ethnic groups. As the February elections approach, community and religious leaders are making plans they hope will keep the streets calm after results are announced. Chris Stein reports from the state capital, Kaduna.
Video

Video As Viewership Drops, Obama Puts His Message on YouTube

Ratings reports show President Obama’s State of the Union address this week drew the lowest number of viewers for this annual speech in 15 years. White House officials anticipated this, and the president has decided to take a non-traditional approach to getting his message out. VOA White House correspondent Luis Ramirez reports.
Video

Video S. Korean Businesses Want to End Trade Restrictions With North

Business leaders in South Korea are calling for President Park Geun-hye to ease trade restrictions with North Korea that were put in place in 2010 after the sinking of a South Korean warship.Pro-business groups argue that expanding trade and investment is not only good for business, it is also good for long-term regional peace and security. VOA’s Brian Padden reports.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid