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Mixed Jobs Report Shows Unemployment Down to 7.8%

bassist33 Wrote: Oct 05, 2012 12:36 PM
If you would like to know more about how labor statistics are calculated, you can do a little research both online and in your local library. It may help you understand how economists came to these conclusions, how there is no political control over those statistics, and how you're just wrong in your conspiracy theories. The more you know!
The jobs report prepared by the Bureau of Labor Statistics had mixed news today. Job growth was mediocre - only 114,000 new jobs were added in September, which isn't even enough to keep up with population growth. The top-line unemployment number fell to 7.8% and there was actually an increase in the labor force participation rate.

The biggest news consisted of revisions to previous reports. BLS revised the previous two months up by almost 100,000 total jobs (there were 40,000 more jobs added to August and 44,000 jobs added to July).

The economy has remained sluggish, even with the...