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Mixed Jobs Report Shows Unemployment Down to 7.8%

goper Wrote: Oct 05, 2012 11:35 AM

The market is no reflection on Owebummer, but is due to stalemate in Congress. History proves that the market likes it when laws are being enacted out of Congress. Besides, the market is in no way helping the lower and middle classes, only rich investors. GDP growth 1.3% - anemic. 23 million still out of work - disgusting. record breaking deficits. record breaking bankruptcies. record poverty. gasoline doubled.

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Mixed Jobs Report Shows Unemployment Down to 7.8%

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...

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