U.S. unemployment rate drops slightly, despite lower-than-expected jobs numbers
The U.S. unemployment rate fell to 7.2 percent last month, despite lower-than-expected jobs numbers.
The U.S. Department of Labor reported Tuesday that the unemployment rate fell one-tenth of a percentage point from 7.3 percent in August to 7.2 percent in September, the lowest level since November 2008.
The government had expected 180-thousand new jobs but said employers appear to have cut back on hiring ahead of Washington's budget battle.
Still, the hiring of 148-thousand jobs last month was enough to bring the unemployment rate down.
Analysts predict the U.S. Federal Reserve will likely continue its massive bond-buying stimulus program, following the latest figures.
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