BREAKING: September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000.
A more encompassing measure that includes discouraged workers and the underemployed also fell, declining 0.3 percent points to 6.9%, matching its lowest in nearly 19 years and just off the all-time low of 6.8%.
Wages also were a disappointment, with average hourly earnings little changed over the month and up just 2.9% for the year, the lowest increase since July 2018. Still, 2019 has seen a marked slowdown. The average to date for the year is just 161,000, compared to 223,000 for the same period in 2018. Health care's 39,000 new jobs set the pace for the month, while professional and business services increased by 34,000, though the industry's 35,000 per month average is below the 47,000 in 2018.
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