Saturday, October 07, 2006

5-YEAR LOW IN UNEMPLOYMENT

The Bureau of Labor Statistics reported that unemployment dropped to 4.6% in September, a five-year low. Only 51,000 nonfarm jobs were created in September, but that was offset by an unexpectedly high 188,000 new jobs in August. There are 6.9 million unemployed people in the United States, according to the Labor Department definition of unemployed.

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