Economy added 136,000 jobs in September to bring unemployment to 5-decade low
(Worthy News) – The U.S. economy added 136,000 jobs in September, and the unemployment rate ticked down to 3.5%, a new 50-year low, according to federal data released Friday.
The monthly employment report from the Labor Department fell short of expectations from economists that 145,000 jobs would be created in September, up from 130,000 in August. Unemployment was expected to hold steady at 3.7%, indicating the labor market remains tight and the economy strong.
The unemployment rate last hit a 50-year low in May and has continued to hover at record lows. According to the Bureau of Labor Statistics, the jobless rate was last this low in December 1969. The unemployment rate for Hispanics and high school dropouts also hit record lows. [ Source: Washington Examiner (Read More…) ]
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