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Latest News Wires Jobless rate falls below 8 percent for the first time in nearly four years

The US unemployment rate fell to 7.8 percent in September, the lowest unemployment rate in 44 months. The economy also created 86,000 more jobs in July and August than first estimated.

By Christopher RugaberAssociated Press / October 5, 2012

REUTERS/Aaron Josefczyk

The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The rate declined because more people found work, a trend that could have an impact on undecided voters in the final month before the presidential election.