The Unemployment Rate in the U.S. Just Hit a 49-Year Low The Unemployment Rate in the U.S. Just Hit a 49-Year Low – NTK Network

The Unemployment Rate in the U.S. Just Hit a 49-Year Low

The unemployment rate hasn't been this low since 1969.

By NTK Staff | 10.05.2018 @9:05am
The Unemployment Rate in the U.S. Just Hit a 49-Year Low

“Ain’t no use in complainin’ / When you’ve got a job to do.”

Rock star Bryan Adams was talking about the “Summer of ’69” in this 1980s hit, but he may as well have been talking about the summer of 2018.

The Bureau of Labor Statistics (BLS) reported Friday that the unemployment rate hit a 49-year low – dating back to the winter of ’69. The unemployment rate in September 2018 was 3.7 percent, and the economy added 134,000 jobs.

While the job-growth number missed economists’ estimates, the low unemployment rate is a good indicator of a healthy economy.

The U.S. economy has created 1.78 million jobs in 2018, and 3.71 million jobs since February 2017, the first full month of the new presidency.

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