Employers added only 114,000 jobs in September, the U.S. Bureau of Labor Statistics reported Friday, but the job gains were enough to lower the unemployment rate three-tenths of a percentage point to 7.8 percent, the lowest level in four years.
The jobs report provided good news for the Obama administration, as the 7.8 percent represented the lowest unemployment level since President Obama took office. The private sector added 104,000 jobs, and the extra 10,000 jobs in the public sector signaled a reversal in the trend of government worker layoffs. “The economy has now added private sector jobs for 31 straight months,” wrote White House economic advisor Alan Krueger in a blog post on the White House’s Web site.
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