Employers added 80,000 jobs last month and the unemployment ratedropped slightly to 9%, the Labor Department reported today.
|Of the 13.9 million unemployed people in October –down from 14million in September– 6.9 million had been without jobs for 27weeks or more.
|It is the first movement in the nation's unemployment rate sinceJune as the rate had been 9.1% in July, August and September. Theunemployment rate has been between 9% and 9.2% since April. As inSeptember, there were job gains in professional business services,health care and construction while government employment declined.The sluggish economic recovery, which the Federal Reservehttp://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20111102.pdf
|said this week could continue into next year and beyond, and thehigh fees charged by banks are proving the impetus for tomorrow'sBank Transfer Day.http://www.cutimes.com/2011/11/01/bank-transfer-day-live-coverage
|Yesterday, CUNA reported that 650,000 people have joined creditunions since September.
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