Unemployment rate drops, but hiring slows

CNNMoney: "The unemployment rate fell to its lowest level since November 2008, but the government's latest jobs report still shows a muddled picture of the economy. The September jobs report, delayed 18 days by the government shutdown, showed that hiring slowed last month. Even so, the unemployment rate fell to 7.2% as more workers said they got jobs and joined the labor force. Employers added 148,000 jobs in September, fewer than the 193,000 jobs they added in August, the Department of Labor reported. Still, 11.3 million jobless people continued to look for work." 

 

Bank of America said to face 3 more U.S. probes of mortgage-bond sales

Bloomberg: "Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. U.S. attorneys offices in Georgia and California are examining potential violations tied to Countrywide Financial Corp., the subprime lender Bank of America bought in 2008, said the two, who asked not to be identified because the inquiries aren't public. U.S. attorneys in New Jersey are looking into deals involving Merrill Lynch & Co., purchased by the firm in 2009, the people said." 

 

Airport security check now starts long before you fly

The New York Times: "The Transportation Security Administration is expanding its screening of passengers before they arrive at the airport by searching a wide array of government and private databases that can include records like car registrations and employment information. While the agency says that the goal is to streamline the security procedures for millions of passengers who pose no risk, the new measures give the government greater authority to use travelers' data for domestic airport screenings. Previously that level of scrutiny applied only to individuals entering the United States. The prescreening, some of which is already taking place, is described in documents the T.S.A. released to comply with government regulations about the collection and use of individuals' data, but the details of the program have not been publicly announced."