Unemployment Rate Hits 50-Year Low in September

The unemployment rate, or the jobless rate, dropped 0.2 percentage points to 3.5 percent in September 2019, marking the lowest rate since December 1969, according to the Bureau of Labor Statistics (BLS). When discouraged workers and the underemployed are factored in, the rate has still declined 0.3 percentage points to 6.9 percent, matching its lowest in almost 19 years and near the all-time low of 6.8 percent. 

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