United States: the unemployment rate fell to its lowest since Obama's election

The official report on employment in the United States has created a double surprise Friday showing a drop in unemployment to its lowest level since the inauguration of President Barack Obama in January 2009, and an increase sluggish hiring. A month and a day of the U.S. presidential election to oppose the incumbent president representative of the Republican Party, Mitt Romney, the figures of the Labour Department to provide both camps enough to feed his rhetoric against each other. According to the Ministry, the U.S. unemployment rate in September saw its largest decline in 21 months: it fell by 0.3 percentage points compared to August, falling to 7.8%, while the median forecast of analysts gave stable. The net job creation, however, declined by 20% compared to August to 114,000 in September, their lowest level in three months. Hiring in the private sector actually increased by 7% to 104,000 but their September level is well below what analysts had forecast on what (130,000). Government figures prohibit the Republican Party continue to accuse Obama of being responsible for maintaining unemployment above 8% since the months following its entry into the White House, but Mr. Romney responded quickly to their publication saying they showed "no real recovery." "We created fewer jobs in September than in August, and fewer jobs in August than in July," he said, stressing the decline in employment in the manufacturing sector "since the beginning of President Obama's mandate. " The White House held his hand the same thing as the previous month, the task is not performed but "today's figures provide further evidence" of economic recovery after the terrible recession of 2007 - 2009. Millions of hidden unemployed The country is actually still far from having recovered from the crisis. Official figures show that the rate (measuring the number of people employed or actively seeking work compared to the total population) in September was barely higher than it was in August, where he hit its lowest level since 1981. Many economists notaient Friday that this indicator explains and puts the reflux of official unemployment rate from its peak of 10.0% reached in October 2009. Harm Bandholz UniCredit bank notes and to get down 1.3 announced for the last twelve months, the country would have to create 250,000 jobs per month on average, while it has created only 150,000. The improvement in the unemployment rate results in essentially non-recognition of millions of unemployed. To get an idea of ​​the real problem, it must be added to 12.1 million unemployed "official" 6.4 million people who want a job but the Department excludes from its calculations because they have stopped looking, not looking actively or for other reasons. According to Peter Morici, an economics professor at the University of Maryland, the unemployment rate is actually 9.8% "if the ratio of activity was the same today" in October 2009.