September unemployment rate reaches 50-year record low of 3.5 percent; payrolls rise by 136,000


Thanks! Share it with your friends!


You disliked this video. Thanks for the feedback!

Added by The BL in U.S. News


Unemployment is at its lowest in 50 years in September at 3.5 percent, with nonfarm payrolls increasing by 136,000, according to the Labor Department’s report on Friday.

Amid the Sino-U.S. trade war, global growth has slowed and businesses have cut back on their investment spending. Despite this, hiring has averaged 157,000 in the past three months, making it enough to absorb new job seekers and resulting in lower unemployment over time.

Post your comment


Be the first to comment