U.S. Economy Added 114,000 Jobs In September, Unemployment Falls To 7.8%

[Norbert]

47. Legit Question

I live in the Greater Cincinnati Tri-State area and I can tell you Cincinnati went from 11.7% unemployment at the beginning of 2010 to 7.6 percent in August. We are still waiting on the September figures. I was one of those 11.7% and I'm happy to report that I have been part of the August 92.4%. I lost my permanent full time job while Dubya was in office and have now a permanent full time job during the Obama Administration not too surprizingly. My new perm job puts the old job to shame. If anything I was underemployed before as I was trying to hang on to a job I hated. I still get calls from job recruiters about 2 times a week.

I may be far from objective on the subject but you can see it in Cincinnati. Stores are more crowded, car dealers are busy and more homes in the area are putting "sold" signs up. Sales breeds employment which breed more sales. There is still room for improvement in Cincinnati but we have come a long way in less than three years.

If Cincinnati is to some degree a reflection of the country I would say many of these positions filled are good paying career positions like the one I have. I would say next month you will see more seasonal positions adding to the employment figures as Macys, Kohls and the other big stores ramp up for Christmas. 7.7%? 7.6? Maybe, but I'll let Rmoney and the Right Wing crazies worry about that.