October 4, 2019

Unemployment at five decade low

The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, 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% in August, average hourly wages slipped by a penny. Hourly pay rose just 2.9% from a year earlier, lower than 3.4% at the beginning of the year.  -Politico


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