The US unemployment rate fell to 3.5 percent in September, as employers added 136,000 jobs to the American economy, representing the lowest rate in 50 years.
The statistics were revealed in a Friday report from the Labor Department, which also pointed out that while the unemployment among African Americans remained at a record low of 5.5 percent, the Hispanic unemployment fell to a record low of 3.9 percent last month.
These last figures show that while there are signs of a global economy slowdown, the US labor market remains strong. The pace of hiring has slowed since last year, when the economy added an average of nearly 230,000 jobs per month, this recent report shows positive signs.
The unemployment rate for adults without high school education fell to a record low of 4.8 percent. It also showed that the US underemployment rate fell to 6.9 percent in September, which represents the lowest reading for that measure in nearly 20 years.
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