"(Reuters) - Hiring slowed in October but the unemployment rate hit a six-month low and job gains in the prior two months were stronger than previously thought, pointing to some improvement in the still-weak labor market.
The employment report on Friday was the latest data to suggest the economy was gathering a bit of momentum and a further indication recession risks were fading.
Nonfarm payrolls rose a tepid 80,000 last month, the Labor Department data showed, below economists' expectations for a gain of 95,000 and a slowdown from September.
But employers added 102,000 more jobs than previously estimated in August and September, and the jobless rate edged down to 9 percent after being stuck at 9.1 percent for three consecutive months, taking the sting out of the report."
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