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Mixed Jobs Report Shows Unemployment Down to 7.8%

chumpchange Wrote: Oct 05, 2012 10:26 AM
So, at best, I guess Bambi can say given the disastrous economic situation he inherited when he came into office he at least hasn't made the situation any worse. That is, apart from adding $6 trillion in new debt to not make it any worse and yielding annual economic growth sustainably below historical levels which makes it impossible to ever improve the quality of life for the 99% he supposedly represents.
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...