Unemployment Numbers Showing Improvement
By: WROC-TV
Updated: October 5, 2012
For the first time in nearly four years the unemployment rate has dipped below eight percent.
That is good news for President Obama. No president has been re-elected with unemployment above eight percent since the Great Depression. But Republican challenger Mitt Romney says the numbers aren't good enough. A total of 114,000 jobs were added last month, less than in August or July. But the all important employment rate fell to 7.8 percent, the lowest since Obama took office.
That is good news for President Obama. No president has been re-elected with unemployment above eight percent since the Great Depression. But Republican challenger Mitt Romney says the numbers aren't good enough. A total of 114,000 jobs were added last month, less than in August or July. But the all important employment rate fell to 7.8 percent, the lowest since Obama took office.
