Unemployment Rate Falls To 7.8 Percent, A 44-Month Low
Analysts and Wall Street types rejoiced today as the Bureau of Labor Statistics announced that the unemployment rate has dropped below 8 percent for the first time in almost four years and that the economy added 114,000 jobs.
The increase is the smallest in three months but it was enough to lower the unemployment rate from the 8.1-8.3 percent rate it was hovering at for the first eight months of the year.
Now, it’s not all good news.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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