Will President Obama get the unemployment rate under 8% next month? The overall employment rate reported by the Labor Department this morning improved slightly to 8.1% from 8.3% as 96,000 people found employment.
Just 12 hours after President Obama delivered his acceptance speech at the Democratic National Convention, the unemployment numbers were reported this morning and the White House was bracing for the worst but found slight improvement.
The Black unemployment rate remained at 14.1% for July and was reported at the same number, 14.1% again for August. This time last year, the Black unemployment rate was at a 28 year high at 16.7%.