Unemployment Rate Drops To 9%
US unemployment has dropped to 9% from 9.1%, while 80,000 jobs were added to the economy. Analysts had expected 100,000 jobs to be added, but there were other positive signs as August and September’s jobs numbers were revised upwards to 102,000. Average hourly earnings have increased.
The economy has begun adding jobs since the package of economic stimulus in 2009. In fall of 2008, in the waning days of the Bush administration, the US economy was losing nearly 850,000 jobs a month.
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