US Unemployment Rate Falls to 50-year Low of 3.5%

US Jobs Growth Rises Moderately; Unemployment Rate Falls to 3.5%
US Unemployment Rate Falls to 50-year Low of 3.5%
Job seekers line up at TechFair in Los Angeles, Calif., on March 8, 2018. (Monica Almeida/File Photo via Reuters
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The U.S. unemployment rate fell in September to a new five-decade low of 3.5 percent, while employers added a modest 136,000 jobs.

The September unemployment rate fell from 3.7 percent in August. The average hourly wages slipped by a penny. Hourly pay rose 2.9 percent from a year earlier, lower than 3.4 percent at the beginning of the year, the Labor Department said Friday in its monthly jobs report.