Unemployment rate falls to 7.8% in SeptemberSubmitted by DeMolay on Fri, 10/05/2012 - 15:10
The job market is finally showing some juice.
The unemployment rate fell to 7.8 percent in September, the Labor Department said Friday, from 8.1 percent in July, its lowest since January 2009. It is a surprising show of improvement in a job market that had seemed listless in recent months. Unlike in August, the number improved for the right reason: not because people gave up looking for jobs, but because far more people reported having one.