Unemployment Rate Dips to 9%

U.S. unemployment fell slightly from 9.1% to 9% in October, according to a jobs report released on Friday, the first time the rate fell since July. The Labor Department says that 80,000 jobs were added last month, a relatively unimpressive number. But the Labor Department found they originally underestimated the number of jobs added in August in September, giving hope that October's job growth will prove to be higher next month as well. Putting 13.9 million Americans back to work will be a long and tough battle. On Wednesday, the Fed lowered its growth forecasts and raised projections for unemployment, Reuters reports.

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