Modest Increase in Jobs in September; Unemployment Down
The nation’s employers added a modest 114,000 jobs in September, according to the Labor Department . The unemployment rate dropped to 7.8 percent, the lowest since President Obama’s first month in office.
This is the 24th straight month of job growth after a severe financial crisis.
On a further positive note, the job growth for August was revised upward to 142,000 from the previously reported 96,000.
This shows that the economy continues to improve, although not at the rate most would like to see. Organizations are sitting on reserves of cash, most believe, until after the election and the resolution of the budget and deficit issues.
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