The U.S. unemployment rate fell to 7.8 percent in September from 8.1 percent the previous month, the Labor Department announced Friday.
The good news for the Obama administration is payroll employment rose by 114,000 in September, in line with analysts’ predictions and the August number was revised upward to 142,000 jobs from 96,000. Revisions to both July and August’s jobs numbers together added a total of 86,000 more jobs than previous estimates.
The number of unemployed persons, at 12.1 million, decreased by 456,000 in September and the improvements in the job numbers came as a result of far more people reporting having a job, rather than people who gave up looking for jobs.
In September, employment increased in health care and in transportation and warehousing, but changed little in most other major industries, the Labor Department also said.
Car sales, closely associated with job creation, was at its best level since the great recession began and consumer confidence rose in September, according to Gallup and other polls, businessinsider.com reported.
