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The U.S. unemployment rate fell to 7.8?! True or False?!
Ms Sans Serif
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[quote:Anonymous Coward 23597994:MV8yMDA5MjYyXzMzNzYwMzgxXzJBQUM0QjU3] The poll at the top of the thread is weird. Did we add 114,000 jobs? Probably so. That is a LOW number. We need about 200,000 at least per month to stay even. So 114,000 new jobs translates to higher unemployment. So why did the count of unemployed go down? I think it's as simple as people exhausting their unemployment benefits and no longer being counted as unemployed. In fact, didn't we read a month or two ago that Obama was going to kick people off unemployment soon? I guess it's happening now and making his percentage unemployment look better. [/quote]
WASHINGTON (AP) - 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.
I call BS! As soon as my phone alerts started going off this morning about it....I was like..that's a bunch of bs lies!
But oh how convenient this "looks" for Mr. Obama!
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