National Jobless Rate Drops

10:13 PM, Oct 5, 2012   |    comments
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Undated -- The U.S. Department of Labor reported the nation's unemployment rate is down. It fell from 8.1% to 7.8% in September. It's the first time it fell below 8% since January 2009 -- the month of President Obama's inauguration.

The numbers sound good, but are they really a good thing? Some experts agree with Jason Husser, associate political science professor at Elon University, who said it all depends on the numbers because of who they do and do not include. "The unemployment rates always are lower than the true unemployment of the population. This is because of what economists call marginally attached people. They're people who could be in the work force, but aren't for a number of reasons, could be child care, or it could just be that they've given up on job search all together."

Husser also said we won't know if the unemployment rate has decreased by the same margin in North Carolina until the state unemployment numbers come out on October 19th.

To hear more from Husser on what the unemployment numbers may say, click play in the video window.

WFMY News 2

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