Unemployment Ticks Down, Public-Sector Losses Limit Growth

November 04, 2011 9:46 am ET — Media Matters Action Network

This morning's report from the Bureau of Labor Statistics shows that the economy added 80,000 jobs in October and the unemployment rate dropped to 9 percent. The numbers from September and August were also revised upward to reflect an additional 102,000 new jobs on top of those previously reported. (In fact, the last two months' revisions have brought August's number from zero to 104,000.) Once again, public-sector losses dragged down overall growth in October, as the private sector created 104,000 new jobs and the public sector shed 24,000 jobs (click to enlarge):