Unemployment Rate Falls to 7.8 Percent

The September unemployment numbers were just released. It will take a little time to digest the details, but here’s a summary:

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.

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