Unemployment Rate Falls Below 8% As U.S. Adds 661,000 New Jobs

The video discusses the September jobs report, noting a drop in the unemployment rate to 7.9%. Despite this, hiring has slowed for the third consecutive month, with only slightly more than half of the 22 million jobs lost during the pandemic recovered. The start of the new fiscal year has seen the end of some assistance programs, leading to major layoffs by companies.

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