Friday, October 5, 2012

U.S. jobless rate drops to lowest since 2009

The US jobless rate fell to 7.8%, which is the lowest rate since January 2007. The forecast was for a slight rise to 8.2%. Teenagers saw the biggest drop in unemployment, declining to 23.7 percent last month from 24.6 percent. However, the majority of the jobs gained were part-time.

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