Surprise dip in US jobless rate

Published: 5 Oct 2012 at 21.08
Online news: News

The US jobless rate sank to 7.8% in September, surprising many who expected it to remain flat at 8.1%, the Labor Department said on Friday.

The unemployment figure was the lowest since President Barack Obama took office in January 2009.

Analysts said the fall in the unemployment rate would provide the incumbent with a chance to talk about an improving economy and refocus his campaign after his poor debate performance this week against Republican Mitt Romney.

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spiceman
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Discussion 14 : 07 Oct 2012 at 02.4014
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Khun BJ #12, how so?
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spiceman
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Discussion 13 : 06 Oct 2012 at 15.1013
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Khun Zulu #10, Merkel's approval rating is only 66%, compared to Obama's 81% in Germany, as you said, so, can we export our dimwitted President to Germany, in exchange for your genius Chancellor over here? I am sure he can do the same to Germany what he has done for the USA, and vice versa!
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khunbj
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Discussion 12 : 06 Oct 2012 at 14.1712
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Spiceman # 11, very poor argument , very poor ... the man was right, just get over it, lesson learned, I hope ?
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spiceman
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Discussion 11 : 06 Oct 2012 at 13.4911
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Khun Zulu #10, and may I add that it's Germany that is keeping the Euro and the EU alive by bailing out bankrupting Greece over and over again. And soon, Spain, Portugal, Italy, and eventually, France will need German bailout money too. So, keep it up, OK, so German companies can keep exporting their goods to those countries. However, please, remember that, without American blood and treasures, following WWII and the Cold War, Germany won't exist today as we know it, OK?
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zulu
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Discussion 10 : 06 Oct 2012 at 11.2910
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spiceman: in germany we pay about 10$ for a gallon, jobless rate is the lowest within years, germany is trade surplus world! champion with a population of just 80.000.000. and if the elections were in germany 81% would vote for Obama and just 19% for Romney. maybe Obama has just a look over the ocean to learn from a system that, (with all it's problems) just works. but let me bring some fun in the discussion. http://www.collegehumor.com/video/6830834/mitt-romney-style-gangnam-style-parody - maybe that helps, too :)
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spiceman
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Discussion 9 : 06 Oct 2012 at 11.019
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Khun Egon #7, please, go to www.drudgereport.com and see for yourself that no economists believe this. US national debt is piling up at a rate of more than $1.1 trillion a year in the last 4 year, businesses are going out of business left & right, gas price is going through the roof, toping $5 a gallon today, with several gas stations in CA running out of gasoline, income tax is going up next year, and etc. In short, the US Economy is collapsing. So, can you tell me what could possibly cause the US unemployment to magically drop last month, other than millions of the unemployed simply gave up looking for work? So, if we include those poor souls, the real unemployment rate is about 11% right now, and could be as high as 15% or higher. Hope this helps!
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kenny
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Discussion 8 : 06 Oct 2012 at 11.008
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Simple explanation "upward revisions to earlier data helped bring the overall unemployment rate down." governments everywhere are experts at fudging figures changing the way data and what data is collected etc.
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egon
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Discussion 7 : 06 Oct 2012 at 10.237
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Spiceman.Dimwitted Obama?The pot calling the kettle black.Analyse the numbers before you utter your nonsenses.
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hillfarang
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Discussion 6 : 06 Oct 2012 at 10.156
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O.K. I agree. These numbers are much more political, than economic.

The 'real' question is what would / could Romney do? Right behind his smile (should he ever win the White House) are the republican 'righties' who are set to put back policies that benefit the rich & threaten the safety net as well as a whole host of programs, including education.

These numbers will look extra good when compared to Europe & elsewhere.
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johnb
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Discussion 5 : 06 Oct 2012 at 10.135
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Well Romney sure told his share of lies
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