Unemployment rate is nearly same as it was before Obama’s reelection

Published October 2, 2020 1:58pm ET



Unemployment has fallen to 7.9%, putting it right around the 7.8% unemployment rate that stood at the time of former President Barack Obama’s reelection in 2012. September saw an addition of 661,000 jobs.

The economy has been improving since it hit its pandemic peak of 14.7% in April, but it has a long way to go to get back to pre-pandemic levels of 3.5%.

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