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US unemployment rate falls to 7.8 pct., 44-month low

People are seen standing in line for a job fair in the Los Angeles area in this undated photo.

October 5, 2012 12:00:00 AM PDT
The U.S. unemployment rate fell to 7.8 percent in September, dropping below 8 percent for the first time in nearly four years. The report is giving both sides in the presidential race something to talk about.