The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000.
The unemployment rate for black and Hispanic workers are at record lows.
The U.S. economy added more than 40,000 jobs than the last two jobs reports indicated.
The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline.
"The September jobs report is a very solid report," Tim Anderson, analyst at TJM Investments at the New York Stock Exchange, said.
"With the labor force participation rate holding above 63% and the solid upward revision to August and July combined, this was a very positive report," Mr. Anderson added.
Worth noting, the Challenger, Gray & Christmas Job-Cut Report released earlier this week for September came in at 41,557, down from nearly 60,000 in August.
https://www.peoplespunditdaily.com/news/economy/2019/10/04/unemployment-rate-falls-lowest-level-since-1948-us-adds-136k-september/
The unemployment rate for black and Hispanic workers are at record lows.
The U.S. economy added more than 40,000 jobs than the last two jobs reports indicated.
The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline.
"The September jobs report is a very solid report," Tim Anderson, analyst at TJM Investments at the New York Stock Exchange, said.
"With the labor force participation rate holding above 63% and the solid upward revision to August and July combined, this was a very positive report," Mr. Anderson added.
Worth noting, the Challenger, Gray & Christmas Job-Cut Report released earlier this week for September came in at 41,557, down from nearly 60,000 in August.
https://www.peoplespunditdaily.com/news/economy/2019/10/04/unemployment-rate-falls-lowest-level-since-1948-us-adds-136k-september/
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