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Friday
Oct052012

Unemployment Rate Falls to 7.8% as 114K Jobs Added in September

Tim Boyle/Getty Images(WASHINGTON) -- U.S. employers added 114,000 jobs to their payrolls last month, keeping in line with expectations, the Labor Department reported Friday morning.  

Economists had expected to see around 115,000 jobs added in September.

The government also revised the number of jobs added in July and August to show 86,000 more in those months.

The unemployment rate, meanwhile, fell from 8.1 percent to 7.8 percent, marking the first time the figure has fallen below 8 percent since January 2009. 

Economists had expected to see the unemployment rate remain above 8 percent for the 44th straight month.

Copyright 2012 ABC News Radio