US unemployment falls to 50-year low of 3.5% in September

America’s jobless rate tumbled in September to its lowest level in 50 years, helping assuage fears of an economic slowdown, according to government data released on Friday.

But although job creation continued, the pace was more subdued and wages were flat.

Unemployment fell two tenths to 3.5%, matching the jobless rate last recorded in 1969, and well below what analysts had forecast.

Employers added a total of 136,000 net new positions, below expectations, with notable slowdowns in education, government, finance and business services.

You have reached your limit for free articles this month.

Register to The Hindu for free and get unlimited access for 30 days.

Subscrion Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Zero advertisements

Enjoy reading our articles without intrusion from advertisements.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscrion plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.