Economy Added 134,000 Jobs in September, Unemployment Falls to 49-Year Low
Headline Roundup October 5th, 2018
The unemployment rate hit a 49-year low in September at 3.7 percent, although the economy added only 134,000 jobs, falling short of the 185,000 expected amid worker shortages as well as the impacts of Hurricane Florence.
The Labor Department released its official hiring and unemployment figures for September on Friday, providing the latest snapshot of the American economy.
Unemployment fell to a nearly 50-year low in September even as employers added a disappointing 134,000 jobs amid increasing worker shortages and possible effects from Hurricane Florence.
U.S. unemployment dipped to 3.7 percent in September, the lowest since December 1969, even as labor market growth contracted sharply amid tightening at stores, bars, and restaurants.