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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Happy Labor Day Weekend!

As August comes to an end, Americans are gearing up to celebrate Labor Day weekend. Labor Day, which takes place on September 2nd, is a federal holiday celebrating the contributions and success of American workers. It also commemorates the American labor movement which fought for workers’ rights and saw the emergence of shorter work days and the end of child labor in the United States.

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