Friday, October 5, 2012

Jobs Report out today






The Jobs Report came out this morning - below is a brief overview:
  • Employers added 114,000 jobs in September
  • Unemployment rate unexpectedly fell to 7.8% in September (it was 8.1% in August)
  • The US needs at least 150,000 new jobs each month just to keep up with population growth
  • Economists predict the U.S. economy will grow no faster than 3% a year, until at least 2014
  • Approximately 12.1 million people were unemployed in September, and 40% of them have been so for six months or more
The jobs crisis in America is a major issue in this race for the presidency.

However Obama and Romney disagree with how to go about creating new jobs.  Check out this video from CNN money for a breakdown of the differences. 

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