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Unemployment rate drops to 7.8 percent
 
Job seekers wait to speak with potential employers at a job fair in New York last month; the unemployment rate increased, but more jobs were added in April.
Job seekers wait to speak with potential employers at a job fair in New York last month; the unemployment rate increased, but more jobs were added in April.
Spencer Platt/Getty Images

The unemployment rate dropped to 7.8 percent in September, down from 8.1 percent in August, according to the new monthly report from the U.S Bureau of Labor Statistics. The economy added 114,000 jobs in September. The numbers are surprising, as economists had forecast that the jobless rate would actually rise slightly in September. The 7.8 percent figure is the lowest unemployment rate in nearly four years — and is equal to the 7.8 percent figure for January 2009, the month President Obama assumed office.

 

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