Jobless Rate Dips, Payrolls Rise

U.S. unemployment drops to low of 9% but fewer jobs added than expected.

The jobless rate unexpectedly fell in October while employers added fewer jobs than forecast, illustrating the “frustratingly slow” progress cited by Federal Reserve Chairman Ben S. Bernanke this week.

The unemployment rate fell to a six-month low of 9 percent from 9.1 percent, even as the labor force expanded. The 80,000 increase in payrolls followed gains in the prior two months that were revised up by 102,000, Labor Department figures showed today in Washington.


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