The rate of unemployment in America has fallen to 3.5%, a 50-year low, according to U.S. government figures. So reports MarketWatch.
The economy added 136,000 new jobs in September, the Labor Department said in its monthly report. That was the slowest pace of growth in four months.
The jobs report stoked confidence that the economy could avoid a recession. It did not increase expectations that the Federal Reserve might cut interest rates a third time when the central bank’s policy setters meet this month.