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October 7, 2019

US unemployment rate hits a 50-year low even as hiring slows

  • The drop-off in the pace of hiring compared with last year points to rising uncertainty among employers about the job market and the economy.
  • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring.

    The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-China trade war and tepid global growth might be edging toward a potential recession. The government on Friday also revised up its estimate of job growth in July and August by a combined 45,000.


     
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