'Job growth remains on its slowing trend even as labor markets continue to get tighter. While wages dropped slightly, finding qualified workers is likely to get more difficult,' Gad Levanon wrote.
The U.S. jobless rate fell to a 50-year low of 3.5 percent in September while employers added 136,000 jobs, according to Labor Department figures released Friday morning. Private payrolls grew by 114,000 employees last month, less than the 122,000 increase in August.had predicted that 145,000 positions would be added to the economy but also forecast that the unemployment rate would be higher, at 3.
Although job growth fell below expectations, the figures eased concerns about a looming recession that had been fueled by concerning economic reports earlier in the week.
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U.S. adds 136,000 jobs in September, unemployment rate hits 50-year lowThe U.S. created 136,000 new jobs in September, while the unemployment rate hit a new cycle low of 3.5%, the Labor Department said Friday.
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September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969.
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U.S. Adds 136,000 Jobs in September, Barely Missing ExpectationsEconomists had expected employers to add 145,000 jobs. The unemployment rate fell to a nearly 50-year low of 3.5%, while average hourly earnings climbed 2.9% from a year earlier, a slowdown from prior months.
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US adds fewer jobs than expected in September, unemployment hits 50-year lowGovernment data released Friday showed hiring in the US cooled but held up at a solid pace in September.
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US adds 136,000 jobs; unemployment hits 50-year low of 3.5%WASHINGTON (AP) — U.S. employers added a modest 136,000 jobs in September, enough to help lower the unemployment rate to a new five-decade low of 3.5%. Hiring has slowed this year as the...
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