Unemployment rate drops to 7.8%! I don't think I have ever been so happy to hear 7.8%! While hiring increased only 114,000, the public will focus on the percentage! I will get a link up as soon as I get it!
It's all AWESOME! July and August were revised WAY UP!
The change in total nonfarm payroll employment for July was revised from
+141,000 to +181,000, and the change for August was revised from +96,000 to
+142,000.
One more awesome piece of data- Total employment rose by 873,000 in September!
So it wasn't people who left, people are coming back into the labor force, AND THE RATE DROPPED! Awesome baby!
Update- Thanks to all for the recommends! I have a special request.
An organization I work with, the National Youth Rights Association, is organizing a new movement called Votes for Youth. It's a youth led effort to lower the voting age! To learn more go to Votes for Youth. The first big rally is Friday, October 12th at 4:00pm at: DC Board of Elections and Ethics, 441 4th Street, NW, Suite 250 North Washington, DC 20001 Please join us or help spread the word!