Los Angeles Business Journal

Unemployment Rate Falls to 7.8 Percent

Friday, October 5, 2012

The U.S. unemployment rate fell to its lowest level in more than 3½ years last month as the economy continued to add jobs, a potential boost for President Barack Obama's campaign to win a second term, the Wall Street Journal reports. CNN provides a graphic look at where the economy stood when he took office and what's changed since.