U.S. Adds 80,000 Jobs in October

    SAN FRANCISCO, CA - JULY 12:  A job seeker shakes hands with a recruiter during the San Francisco Hirevent job fair at the Hotel Whitmore on July 12, 2011 in San Francisco, California. As the national unemployment rate stands at 9.2 percent, several hundred job seekers turned out to meet with recruiters at the San Francisco Hirevent job fair where nearly 250 jobs were available.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan / Getty Images

    The good news? Unemployment fell to 9 percent in October. The bad news? The 80,000 jobs that the U.S. economy added last month fell short of expectations. Economists had expected the economy to add 100,000 jobs. Private-sector payrolls actually added 104,000 jobs, which is right in line with expectations. September’s job report was also revised upward, jumping all the way to 158,000 jobs from an initial report of 103,000. Markets reacted positively to the news.

    Read it at The Wall Street Journal