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  1. #1 U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Published: Oct 4, 2019 8:41 a.m. ET


    The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase.


    This is the slowest pace of job growth in four months, as businesses grew more cautious about hiring, but employment gains for August and July revised up by a combined 45,000


    And in a separate survey, the U.S. unemployment rate dropped to 3.5%, the lowest rate since December 1969. The number of unemployed people fell by 275,00 over the month.


    One dark spot in the report was that the increase in worker pay over the past 12 months fell to 2.9% from 3.2%. Average hourly earnings were little changed in September following an 11-cent gain in August.


    Big picture: The resilience seen in the September job report will raise hopes that the economy can avoid a recession. Although manufacturing activity and business investment have been weak, consumer spending has held up well.

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    Senior Member Dlr Pyro's Avatar
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    IMPEACH 45!
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