Info

Two Rules | Rule #1 Do Not Lose Your Principal | Rule #2 See Rule #1

Job growth slumps in September, but the unemployment rate hits the lowest level since 1969 The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.Nonfarm payrolls rose just 134,000, well below estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers.The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates.August’s initial jobs count was revised up dramatically, from 201,000 to 270,000, while July’s numbers came up as well, from 147,000 to 165,000.

Source: US created 134,000 jobs in September, vs 185,000 expected