“The US unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away The rate declined from 8.1 percent because the number of people who said they were employed soared by 873000 — an encouraging sign for an economy that’s been struggling to create enough jobs. The number of unemployed Americans is now 12.1 million, the fewest since January 2009…”.* How are conservatives spinning this against President Obama and in favor of 2012 Republican Presidential candidate Mitt Romney? Cenk Uygur and Ben Mankiewicz discuss on The Young Turks. *Read more here from Christopher s. Rugaber / Yahoo: finance.yahoo.com Support The Young Turks by Subscribing bit.ly Like Us on Facebook: www.fb.com Follow Us on Twitter: bit.ly Buy TYT Merch: theyoungturks.spreadshirt.com Find out how to watch The Young Turks on Current by clicking here: www.current.com
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The 9.8% unemployment rate in the United States may be closer to 20%, or 30 million Americans without a job. Those measured are those who had a job before, are actively looking for work and are immediately available for work. Despite Washington DC having a somewhat healthy economy, so many residents here are left behind without a job, an income or any hope that things will get better.