U.S. Unemployment Rate Fell to 5-Decade Low of 3.5 Percent in September as Employers Added 136,000 Jobs by Inc.com

“U.S. Unemployment Rate Fell to 5-Decade Low of 3.5 Percent in September as Employers Added 136,000 Jobs” | Written By: Christopher Rugaber / Inc.com

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Economy

US Unemployment Rate Fell to 5-Decade Low of 3.5 Percent in September as Employers Added 136K Jobs

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The U.S. unemployment rate fell in September to a new five-decade low of 3.5 percent, while employers added a modest 136,000 jobs.

The Labor Department says that despite the ultra-low unemployment rate, which was down from 3.7 percent in August, average hourly wages slipped by a penny. Hourly pay rose just 2.9 percent from a year earlier, lower than 3.4 percent at the beginning of the year.

Hiring has slowed this year as the U.S.-China trade war has intensified, global growth has slowed, and businesses have cut back on their investment spending. Still, hiring has averaged 157,000 in the past three months, enough to lower the unemployment rate over time.

The unemployment rate for Latinos fell to 3.9 percent, the lowest on records dating from 1973. – The Associated Press

Published on: Oct 4, 2019
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“U.S. Unemployment Rate Fell to 5-Decade Low of 3.5 Percent in September as Employers Added 136,000 Jobs” | Written By: Christopher Rugaber / Inc.com
October 4, 2019 at 09:08AM
VIEW ARTICLE ON Inc.com >> https://www.inc.com/associated-press/september-jobs-report-us-employment-rate-labor-department.html

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