Unemployment Rate Hits the Lowest Level since 1969

Washington, D.C.—The unemployment rate fell to 3.7%, the lowest since 1969, according to the September 2018 Employment Situation report.

For the fifth month this year, the unemployment rate has been below 4.0%. The unemployment rate for women fell to 3.6%, the lowest in 65 years, and the unemployment rate for Hispanics matched a record low set in July 2018. The number of unemployed fell below six million for the first time since December 2000.

The job creation continues to be steady, with 134,000 jobs added last month, and upward revisions of 87,000 jobs for July and August – bringing the total to 221,000 new jobs.  4.2 million jobs have been created in the United States in less than two years.

“The American economy continues to fire on all cylinders. During the past few months, we have seen GDP growth exceed 4%, consumer confidence rise to an 18-year high, and the stock market set new records,” said Alexander Acosta, Secretary of Labor.


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