Unemployment Rate Drops to 9 Percent

Summary


WASHINGTON - America's private sector has added jobs three months in a row, the government reported Friday, a development that signals that the U.S. economy is leaving the recession further behind, though it's still far short of robust growth.

Private employers added 104,000 jobs in October, the Labor Department said in its monthly jobs report, though a loss of 24,000 government jobs tempered that, leaving net employment growth at a weaker-than-hoped-for 80,000 for the month.

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Unemployment Rate Drops to 9 Percent

But upward revisions of previous months' job estimates show that employers added more than 100,000 jobs in each of the last three months, offering a more ...

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