By  on October 4, 2019

The U.S.’ jobless rate dropped to a 50-year low last month, adding to retailers’ recruitment headache as they search for hundreds of thousands of seasonal workers.

Total nonfarm payroll employment rose by 136,000 in September, the U.S. Bureau of Labor Statistics reported today. While this was lower than the 145,000 that Wall Street was expecting, it still helped push the unemployment rate down to 3.5 percent in September, from 3.7 percent the previous month. The last time the rate was this low was in December 1969, when it also was 3.5 percent.

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