September Jobs Report: Unemployment Falls to 7.8 Pct

With job creation at the center of the U.S. presidential race a month ahead of Election Day, the Labor Department reported Friday that U.S. employers added 114,000 jobs in September and the unemployment rate unexpectedly fell to 7.8 percent, the first time the rate dropped below 8 percent in three years. Harry Holzer, public policy professor at Georgetown University, said Friday's report had "some bright spots" after months of stagnant or deteriorating unemployment numbers. This time, the...Full Story
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