You're watching...
DC Report: Unemployment Rate Falls to 7.8%
Details
-
Description
FBN’s Peter Barnes on the September Jobs report.
- Duration 2:20
- Date Oct 8, 2012
Advertisement
Clips
Also in this playlist...
Latest Video
Auto-advance: ON
Auto-advance-
Is There a Bond Market Bubble?
-
Should Apple Bring Overseas Funds Back to U.S.?
-
What Company Tops the List of Most Valuable Brands?
-
Dimon Gets Vote of Confidence from JPM Shareholders
-
Donating to Tornado Relief Efforts
-
Spitzer: Splitting CEO, Chairman Roles Helps a Company
-
OGE Energy CEO: We Suffered a Lot of Damage
-
Saks Hires Goldman Sachs to Explore Possible Sale
-
Investors Still Keeping Money on the Sidelines?
-
Investing Strategies to Boost Your Portfolio
-
Continental Resources CEO: Oklahoma Has History of Standing Tall
-
Using RICO to Go After SAC’s Steve Cohen?
Transcript
This transcript is automatically generated
Monthly Labor Department survey of companies and government workplaces found that employers added a 1141000.
Nonfarm payroll jobs in September just enough to employ new entrance to the jobs market.
Such as reasons.
But the second survey that the agency releases each month a survey of individuals including many self employed entrepreneur lowers reported that 873000.
People said they had found.
All or part time work last month of some kind.
That is the report used to calculate the unemployment and that spike and job.
The jobless rate down to seven point 8%.
The lowest level since January of 2009 when President Obama took office and the first time it has been below 8%.
Several economists think that -- burst of job growth was likely a statistical fluke.
The monthly numbers are volatile because -- serving size is small and it includes self employed people and agriculture workers but.
It is less than a month -- election so both candidates -- ammunition in the report.
This morning.
-- -- The unemployment rate has fallen to its lowest level since I took off.
The work because.
More people -- Looks like and -- getting better but the truth is.
If the same share of people were participating in the work force today is on the day the president got elected.
Where unemployment rate would be around 11%.
That's the real reality of what's happening out there.
The broadest measure of the jobs market unemployed people plus people marginally attached to the work force plus people working part time for economic reasons held steady.
At fourteen point 7% last month.
That's it for this edition of the small business report.
I'm Peter Barnes Fox Business now.
