U.S. Unemployment Rate Drops To 3.7 Percent, Lowest Rate Since 1969
By Leia Klingel, Fox Business // October 5, 2018
ABOVE VIDEO: Economy adds 134K jobs in September.
(FOX BUSINESS) – The U.S. economy added 134,000 jobs in September below analysts’ expectations while the unemployment rate was 3.7 percent, the lowest since 1969.
Analysts polled by Refinitiv (formerly Thomson Reuters) forecast that the U.S. economy would add 185,000 jobs in September with the unemployment rate ticking down to 3.8 percent. In August, the unemployment rate was 3.9 percent.
Wages increased by 0.3 percent in September, taking the 12-month wage growth to 2.8 percent.
“Another solid jobs report; not too hot and not too cold ,” Kate Warne, investment strategist at Edward Jones told FOX Business.
Warne is not concerned about the lower-than-expected number of jobs created in September, noting revisions within the past two months, which in total put the number of jobs created, in line with expectations.
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Just out: 3.7% Unemployment is the lowest number since 1969!
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