Unemployment Rate Ticks Down to 9.0 Percent in October

By Catherine Hollander  //  November 4, 2011 | 8:43 a.m.
Updated: November 4, 2011 | 9:06 a.m.

The unemployment rate unexpectedly ticked down to 9.0 percent. The U.S. gained just 80,000 new jobs in October, less than economists expected, but the number of jobs added in previous months were both revised up in October's jobs report released on Friday.

Another positive from the report was a slight boost in average hourly earnings by 0.2 percent, the Labor Department reported. The number of jobs added in August and September were up to 104,000 and 158,000, respectively.

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