Payrolls Fall in September, Jobless Rate Stuck at 9.6 Percent -- But Dow Breaks 11,000

Payrolls fell in September by 95,000 jobs because of layoffs by the government while the unemployment rate remained stuck at 9.6 percent, the Labor Department reported Friday. The news drove the Dow Jones Industrial Average to close above 11,000 for the first time in five months as investors bet the government would do more to boost the economy. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s. The private sector added 64,000 jobs, the...Full Story
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