U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years
October 5, 20188:35 AM ET
Avie Schneider
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A worker installs a door on a 2018 Ford F-150 truck at an assembly plant in Dearborn, Mich., on Sept. 27. The U.S. unemployment rate fell to 3.7 percent in September, a nearly 50-year low.
Carlos Osorio/AP
Updated at 10:21 a.m. ET
The U.S. jobless rate dropped to 3.7 percent in September — the lowest since 1969, though the economy added a lower-than-expected 134,000 jobs, the Bureau of Labor Statistics said. The jobless rate fell from August's 3.9 percent.
Average earnings rose 8 cents, to $27.24 per hour last month. But wage growth slowed, with average hourly earnings up 2.8 percent from a year earlier, compared with a 2.9 percent increase in August.
https://www.npr.org/2018/10/05/654417887/u-s-unemployment-rate-drops-to-3-7-percent-lowest-in-nearly-50-years
