U.S. jobless rate falls to 44-month low
October 5, 2012 at 7:00 pm in West Central Tribune
WASHINGTON The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.
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I wonder where Carl is now? This demostrates Carls on sided views as he is quick to hop on any negative economic comments about the economy…
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As reported by the Tribune today, the facts are that under the leadership of President Obama, the jobless rate is lower than any time since we threw the Republicans out of office. So much for the Republican lies about the current administration not doing enough to restore our economy. The Republicans spent eight years trying to destroy our middle class. President Obama has been steadily pursuing policies to create jobs. It appears the only jobs Romney has created are in the Cayman Islands, or Swiss banks.
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The numbers are encouraging. One wonders if this many jobs were created on the current economists projected growth in the GDP of 1.5% for this year or will we see a bump in the GDP growth before the end of the year?
Such an anomaly occurred of an increase in job growth was last reported in June, 1983(900,000 jobs) but with the economists projecting a GDP growth rate of 9.0% for that quarter. But, the real GDP for the year settled in at 4.52% for the year.
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