Unemployment Rate Slips to 9.1 Percent

    In this July 26, 2011 photo, workers seeking employment create resumes and look for open positions on lap tops provided by USAJobs at a job fair for space workers and those workers that lost jobs due to the end of the space shuttle program in Cape Canaveral, Fla. The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump.(AP Photo/John Raoux)

    John Raoux / AP Photo

    The U.S. unemployment rate budged slightly in July, edging down to 9.1 percent, according to the government job report released Friday morning. Overall, 117,000 jobs were added, significantly higher than expectations, which ranged around 75,000. Reports for May and June were also revised; June’s figures, initially set at 18,000, surged upward to 46,000. The better-than-expected news initially sent Wall Street ticking upward, with a 150-point jump upon the opening bell, before sentiment shifted and those gains were erased.

    Read it at The Wall Street Journal