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Mixed Jobs Report Shows Unemployment Down to 7.8%

Kevin48 Wrote: Oct 05, 2012 12:23 PM
In Barack's world if you have a boat with six oars and one rower at each you have six jobs. If one of the rowers dies and is replaced with another he claims this as a "new" job. In the real world, you have to increase the number of rowers for a legitimate new job.
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...