U. S. jobless rate tumbles to near four-year low
WASHINGTON (Reuters) – The U. S. unemployment rate unexpectedly dropped to 7. 8 percent in September and reached its lowest level since President Barack Obama took office, providing a boost to his re-election bid. The Labor Department said on Friday that employers added 114,000 workers to their payrolls last month, a moderate number, but it said a combined 86,000 more jobs were created in the prior two months than it had previously thought. Other aspects of the report also were strong. In particular, a separate survey of households found a big surge in hiring. . . .
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