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Mixed Jobs Report Shows Unemployment Down to 7.8%

Ronald Reagan Fan Wrote: Oct 05, 2012 10:26 AM
Bottom line-there are STILL 23 million people actively looking for work who can't find enough work to support themselves. The jobs report is being shredded as we speak because someone put the numbers to gether soo fast, they created a horrible screw up. Ryan will annihilate Biden next week with these numbers and of course Joe's remarks about raising taxes on the middle class.
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...