Economy

US Unemployment Falls to 7.8 Percenti
|| 0:00:00
X
Mil Arcega
October 06, 2012 12:52 AM
The U.S. unemployment rate unexpectedly fell to 7.8 percent in September, the first time it has dipped below 8 percent in 44 months. Despite only modest gains last month, revisions to the Labor Department's job numbers in July and August show the economy added more jobs than were initially reported. The key government report comes just one month ahead of presidential elections that could hinge on the economy. But as Mil Arcega reports, some say the job numbers don't tell the whole story.

US Unemployment Falls to 7.8 Percent

Published October 05, 2012

The U.S. unemployment rate unexpectedly fell to 7.8 percent in September, the first time it has dipped below 8 percent in 44 months. Despite only modest gains last month, revisions to the Labor Department's job numbers in July and August show the economy added more jobs than were initially reported. The key government report comes just one month ahead of presidential elections that could hinge on the economy. But as Mil Arcega reports, some say the job numbers don't tell the whole story.


You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership More