U.S. Unemployment Rate Falls To 9% | Roland Martin Reports

U.S. Unemployment Rate Falls To 9%

Source: CBS News

The nation’s unemployment rate fell to 9 percent for October, from 9.1 percent last month, but hiring slowed as employers faced more uncertainty over future economic growth.

The Labor Department said the economy added 80,000 jobs last month, the fewest in four months and below September’s revised total of 158,000.

Businesses added 104,000 jobs, below September’s total. Government shed 24,000 jobs.

The report included some positive signs: The government revised August and September’s figures upward by 102,000. Average hourly earnings rose. And the unemployment rate fell for the first time since July, because a separate survey of households showed more people found work.

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