Unemployment Reaches Lowest Rate Since 1969
October 8, 2018—The U.S. unemployment rate fell to the lowest number its been since 1969, reported Timesunion.
The Labor Department reported Friday that the rate edged down from 3.9 percent the month before as employers added 134,000 jobs—a figure that was probably depressed by the effects of Hurricane Florence in the South, according to the newspaper report.
Monthly job growth has averaged 208,000, compared with 182,000 last year. Currently, hiring is so strong that employers are having trouble filling openings and some are being forced to offer higher pay.