After 43 straight months of unemployment over 8 percent, and an average of monthly reports of 9.0 percent for the entire Obama presidency, the absolute worst record in the post-war period, unemployment has suddenly fallen by 0.3 points in one month from 8.1 percent in August to 7.8 percent in September.
Just in time for the election!
From the Bureau of Labor Statistics, here:
The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care and in transportation and warehousing but changed little in most other major industries.
The unemployment rate declined by 0.3 percentage point to 7.8 percent in September. For the first 8 months of the year, the rate held within a narrow range of 8.1 and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by 456,000 in September.
