U.S. Unemployment Rate Dips to 7.8 Percent

The U.S. unemployment rate dropped to 7.8 percent in September from 8.1 percent in August, the U.S. Department of Labor reported.

U.S. Unemployment Rate. Source: U.S. Department of Labor, Bureau of Labor Statistics

Total nonfarm payrolls increased to a seasonally adjusted 114, 000, following a gain in August of 142,000 (upwardly revised from 96,000). Private payrolls rose 104,000 in the month, following an increase of 119,000 in August. The government sector added 10,000 in the month after adding 45,000 in August.

Total Nonfarm Payrolls. Source: U.S. Department of Labor, Bureau of Labor Statistics

The Bureau of Labor Statistics of the Department of Labor produces the monthly seasonally adjusted unemployment report.