05 October 2012

US unemployment rate drops to 7.8 pct in September

The US unemployment rate dropped by 0.3 percentage point to 7.8 percent in September, marking the lowest level since January 2009, the Labor Department said Friday.

It's amazing! Unemployment rates drop if we just exclude unemployed potential workers whose benefits run out or have stopped looking for work. Funny how that works, or doesn't. 


Original Page: http://www.philstar.com/Article.aspx?articleId=856583&publicationSubCategoryId=200

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