Unemployment rate at its lowest since I took office: Obama
October 06, 2012  10:40

US President Barack Obama has said America is moving forward and the unemployment rate has fallen to its lowest level since he took office four years ago.         

 

His remarks came hours after latest figures revealed that America's unemployment rate has dropped to 7.8 per cent in the month of September, the lowest since 2009.         

 

"Today I believe that as a nation we're moving forward again," he said during an election campaign meeting in Ohio.         

 

"When I was sworn into office, we were losing 800,000 jobs a month. Now our businesses have added 5.2 million jobs over the past 2 1/2 years. This morning we found out that the unemployment rate has fallen to its lowest level since I took office. So more Americans enter the workforce, more people are getting jobs," Obama said.         

 

According to the latest report by the Bureau of Labour Statistics, the unemployment rate in the US dropped to 7.8 per cent in the month of September during which the economy added 114,000 jobs.

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