Encouraging job numbers
To finally getting a cheery jobs report. It's been a while.
The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years.
Employers added 114,000 jobs in September and the July and August jobs numbers were adjusted up by 86,000.
The numbers aren't enough to bring the kind of sustained job growth needed to get back to historically normal unemployment rates anytime soon. And the numbers don't tell the story of all the Americans who lost jobs and are now in part-time or lower-paying jobs.
But we'll take our good news where we can find it.