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Friday, October 05, 2012

Unemployment Rate Drops Again, GOP Must be Furious

The last time the unemployment rate dropped, yes dropped, republicans had a hissy fit. But according to the most recent numbers from the Labor Department, the unemployment rate fell again sending the rate below 8 points for the first time since the Great Recession began. That this is happening despite a full-bore four year conspiracy by the GOP to destabilize the economy and oppose the President at every turn is absolutely doubly remarkable.

Washington Post Excerpt:
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.

While that headline number — the drop in the unemployment rate — will surely capture the most attention in the final weeks of a hard-fought presidential campaign, the inner details of the labor survey reveal an even rosier picture.

The unemployment rate fell even though more people — 418,000 of them — entered the labor force. Full Story here.

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