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September Hiring Misses Estimates but Unemployment Rate Falls

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Hopes for a pickup in hiring were dashed with the September jobs report. The Labor Department says there were just 148,000 new non-farm payroll jobs created during the month. Expectations had been for at least 180,000 jobs. The unemployment rate took a surprise dip to 7.2% from 7.3%. That's its lowest level since President Obama took office nearly five years ago.

The report was delayed 18 days because of the government shutdown. But it won't be until next month that we'll get employment numbers from during the shutdown period which started October 1st. Hot Stock Minute host Lauren Lyster gets instant analysis of the September report from Senior Columnist Mike Santoli and Editor-in-Chief Aaron Task in the video above.

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