Sponsored by Lane Powell
Home Must Reads U.S. unemployment rate falls to 7.8 percent

U.S. unemployment rate falls to 7.8 percent

| Print |  Email
Must Reads
Friday, October 05, 2012

The nation's unemployment rate fell to its lowest level since January 2009.

The unemployment rate slid to 7.8% in September, falling below 8% for the first time since President Barack Obama's inauguration, the Labor Department said Friday. Employers added a seasonally adjusted 114,000 jobs last month, a tepid pace that was countered by the fact that figures for previous months were boosted above initial estimates. Those figures reflected that the nation added 181,000 jobs in July and 142,000 jobs in August, showing that job growth in the third quarter was far higher than in the spring.

The report is one of the final major gauges of the economy before voters head to the polls Nov. 6 to choose the next president. The jobless rate is now back to where it was when Mr. Obama took office, potentially strengthening the president's argument that the economy is on the right path and gradually healing from a deep recession. However, just one president, George W. Bush, in recent decades has won re-election when the unemployment rate was unchanged or higher than when he took office.

Read more at The Wall Street Journal.

{biztweet}unemployment{/biztweet}

 

Comments   

 
Guest
+1 #1 That is the U3 number not the U6 numberGuest 2012-10-05 18:22:27
How convenient that this is shown this way a month before the election. What they are not showing is the adjusted number is always higher and the 7.8% is the U-3 number. The most important number is the U-6 number. That is MUCH more comprehensive of the real problem as it represents the U-3 plus those that are out of benefits, stopped looking, part time and contractors or private businesses that cannot draw unemployment. Please see the adjusted data here. http://www.bls.gov/news.release/empsit.t15.htm
Quote | Report to administrator
 

More Articles

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS