Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday.
The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. A more encompassing measure that includes discouraged workers and the underemployed also fell, declining 0.3 p
Also, the jobless rate for Hispanics also hit a new record low, while the level for African Americans maintained its lowest ever.ercent points to 6.9%, matching its lowest in nearly 19 years and just off the all-time low of 6.8%.
The complete story here > September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000