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Mixed Jobs Report Shows Unemployment Down to 7.8%

emakkai Wrote: Oct 05, 2012 7:16 PM
4-Wk Moving Average (SA) 375,000 in September (weekly NEW unemplyment applications) which means 375,000 x 4 = 1,500,000 fired Today's Report 800,000 hired Forget about labor force, retirement, etc., there were 700,000 more people unemployed in September than before. Where am I going wrong?
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...