80,000 Jobs Created Last Month, Unemployment Rate Ticks Down To 9.0 Percent

According to the latest report from the Bureau of Labor Statistics, 80,000 jobs were added to the economy last month, and the unemployment rate ticked down to 9 percent. Analysts had expected around 95,000 new jobs. The private sector added 104,000 jobs, while the public sector continued to shrink, losing 24,000 jobs. The wider U6 measure of underemployment fell slightly to 16.2 percent. August’s jobs creation number was revised up to 104,000 from 57,000 and September’s was revised up to 158,000 from 103,000.