PORTLAND — The U.S. unemployment rate has fallen below 8 percent for the first time in nearly four years.
The Labor Department says the jobless rate fell to 7.8 percent last month as employers added 114,000 jobs.
The department also revised the numbers for July and August, saying the economy added more jobs than first estimated. The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months.
In Oregon, unemployment numbers don't come out until next week. But experts can make some predictions on what to expect from those numbers.
The latest unemployment numbers in August have Oregon at 8.9 percent, which is a full point above the national numbers. But, according to the employment department, the state can expect to follow the national declining trend.
Oregon is outpacing the nation's 1.4 percent job growth, with Portland leading with 2 percent growth. Much of that growth is coming from the construction trades because of an improving housing market.
The number of people who said they were employed soared by 873,000 nationally, while the number of unemployed Americans is 12.1 million, the fewest since January 2009.
The report also indicates that wages rose in September and more people started looking for work.
Jobs have been added for 24 straight months. There are now 325,000 more than when President Barack Obama took office.
KGW reporter Joe Smith contributed to this report.