Unemployment Falls to 7.8 Percent

The Bureau of Labor Statistics released the jobs report for September today and it revealed that unemployment has fallen below 8 percent and that the economy fared better during July and August than was previously reported.

The Labor Department reported Friday that the unemployment rate fell to 7.8 percent in September, a decline of 0.3 percentage point and the lowest since January 2009. The government said the economy created 114,000 jobs, about as expected, and generated 86,000 more jobs in July and August than first estimated.

A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983.

The number of jobs created in July was revised upward by 40,000 and the number of jobs created in August was revised upward by 46,000.

Meanwhile, the usual suspects are claiming conspiracy, alleging that the Labor Department cooked the books and conjured new jobs out of thin air.

According to them, this is a "Chicago style" jobs report. And to that I say, I'd like extra mustard on mine.

  • Bob Rutledge

    4 1/2 weeks from now will come the biggest story EVAH:

    Majority of Nation Conspires to Vote For Obama
    -Tucker Carlson

    “In a conspiracy of heretofore unknown proportions, 52.3% of the voting public conspired to re-elect B. Hussein Obama to a second illegitimate term as Socialist-in-Chief….”

    • Victor_the_Crab

      Shouldn’t that be a higher percentage of conspiratists?

  • zirgar

    And by, “I’d like extra mustard on mine,” you mean extra plain old yellow mustard, not that namby pamby spicy brown mustard that Laura Ingraham thinks is so totally unmanly, right? Despite her brain case being full of it and nothing else…

    • JMAshby

      Duh. I mean Dijon of course! Because I’m an arugula eating socialist like the president.

      • zirgar

        I thought as much!

  • GrafZeppelin127

    Of course they cooked the books on this. Obama probably threatened, bullied and intimidated the BLS to get them to help his floundering re-election campaign, especially after Romney took him to school on Wednesday night. More desperation from a desperate pseudo-president trying to cover up his own incompetence and failure.

    FACT: Obama’s policies kill jobs.
    FACT: Romney’s policies create jobs.

    Deal with it, libtards. Those are the FACTS and no amount of fake statistics trumped up by Obama’s corrupt government will change that. We need a real, successful businessman in the White House who knows how the economy works and knows how to put people to work, not a bumbling, lazy community organizer who has never worked a day in his life. The American people don’t want socialism; never have, never will. We want freedom, not trickle-down government. Mitt Romney and Paul Ryan are the only candidates in this election who believe in freedom, and that’s why your boy is going down.

    R/R 2012






    [Not bad, huh? It’s amazing how easy it is to play the role of right-wing troll. All you have to do is say stuff, without having to believe or even understand it. It’s fascinating.]

    • Ned F

      I’m sure you cut and pasted that from my local newspaper this morning.

      • GrafZeppelin127

        Seems that way, doesn’t it? Shows how easy it is.

    • gescove

      Not bad at all! But remember to mention gun rights and the sanctity of blastocysts whenever possible. On a more serious note, I’m really unhappy to see the phrase “trickle down government” getting a toe-hold in political discourse. The RW is hijacking an important concept in describing economic policies and that can’t be good.

      • GrafZeppelin127

        One thing at a time. The goal here was just to illustrate how easy it is to just say things that a RW troll is programmed to say. It doesn’t even have to mean anything.

    • JWheels

      The not so thinly veiled racism is a nice touch, really gives it that authentic feel.

    • kushiro -

      I would just like to add the following: Soetero, Solyndra, 57 states, and $716 billion. Also, bowing.

      • ninjaf

        And apologizing.

        • D_C_Wilson

          And Soros! You can never forget Soros.

    • Victor_the_Crab

      You forgot to include the Jesus.

  • JWheels

    873,000 jobs gained in September? I’m not all that familiar with that particular measure deriving from the household survey but isn’t that a tremendous story in and of itself? I mean that’s 127,000 jobs shy of 1 million, if I’m reading that properly. If that’s part of a sustained trend rather than an anomaly or seasonal hiring then we might be on the road to serious growth.

    • bphoon

      I believe you have to balance the job gains against the job losses to come up with the number of net jobs created. At least I think that’s how it works.

      • JWheels

        Okay that makes little bit more sense then, I was trying to figure out where 114K fit in against the 873K. So that makes the numbers less impressive, however it is pretty notable that Obama has consistently presided over net monthly gains for the vast majority of his administration. I remember seeing somewhere that he is now a net job creator for his presidency as of sometime last week.

        • bphoon

          Another tidbit: the surveys of how many jobs are created (the 114K figure) and how many people are finding work (the 873K figure) are done separately and measure different populations. The jobs creation report surveys businesses as to how many jobs they’re opening and the jobs gained number report surveys households to find out how many people found new work. Those numbers don’t add up in most months.

    • Ned F

      Well, to most people in the USA, yes it should be good news.

  • mrbrink

    The president’s job killing policies have killed jobs in the GOP talking point sector.

  • Draxiar

    “The poll number are wrong! The jobs numbers are wrong! Facts are wrong! Math is wrong! Science is wrong!”

    It must suck to be so paranoid…and ignorant

    • bphoon

      Amazing, isn’t it, how insecure the RW must be that they have to resort to claiming anything that goes against them is the result of some massive, nefarious conspiracy. Trust me when I say I know some otherwise half-way intelligent people who are flat-out suckers for that sort of thing. I don’t get the psychology behind it.

      I served in the Army for 21 years so am acquainted with how government agencies tend to work. Their systems are archaic, turf wars are a way of life and no agency can get through the day without someone leaking something about it. Inter-agency coordination, especially on the level required to conduct such a massive conspiracy much less keep it secret over so long a time, simply doesn’t exist within our government in my experience.

      I saw a tweet today on this where someone asked his counterpart to imagine how difficult it would be to get the Bureau of Labor Statistics to upgrade to Internet Explorer 8, then imagine how difficult it would be for the president to get it to help him rig an election.

      ‘Nuff said…

      • ninjaf

        I actually snorted/laughed out loud with the IE8 analogy.

      • Brutlyhonest

        My experience in the Navy (27 years) is similar to yours. Especially at the end, when I was running an entire USN program that had me dealing with multiple Federal agencies (and some NGOs), the inability to get anything done quickly or efficiently precludes a huge government conspiracy.

        I’ve also asked some wingnuts who insist on believing their conspiracy theories how a government they scream is incompetent at everything can hide things so huge (like FEMA trailers/reeducation camps).

        On the other hand, a relatively small group of committed conspirators with the proper resources and motivation can manipulate the system by knowing how it works and exploiting the seams/weaknesses. For example, say you wanted to insert intelligence that country “I” had a WMD program they wanted to hide from the US/UN. All you have to do is find a guy who is a decent enough actor to tell the story you want to several different agencies. Because of the way intelligence (especially human intelligence) is compartmentalized to protect sources and methods, you will now have what looks like corroborating info from different agencies – this is feasible even if some agencies discount the info as not credible, because they don’t share that info. Now presto, change-o you can tell the ‘Merican people you have the “slam dunk” intell necessary to go to war! Hypothetically, of course.

  • John Schaefer