Friday, October 5, 2012

U.S unemployment falls to 7.8 % - may bolster Obama re-election chances

Job applicants fill out applications for positions at a new bar and restaurant in Detroit. PHOTO/Paul Sancya/AP

The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election.

Black unemployment has fallen from 14.1 to 13.4 percent and African-American teen joblessness

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