US unemployment at 49-year low boosts Wall Street – The Economic Newspaper

US unemployment at 49-year low boosts Wall Street - The Economic Newspaper


The United States of America (US) unemployment rate fell to 3.7% in September, a 49-year low. The US Department of Labor also announced this afternoon that the US economy generated 134,000 jobs in September – still below analysts' expectations.

Among the major US stock indexes, the Dow Jones industrialist adds 0.10% to 26,652.87 points, and accompanying these figures on the rise, the extended S & P 500 rose 0.15% to 2,905.98 points. In the same line, the Nasdaq technology advanced 0.19%, to the 7,895.27 points. Russell 2000 is up 0.16% to 1,649.61 points.

Still, economists contacted by Reuters predicted the country would have created 185,000 jobs last month, with the unemployment rate dropping to 3.8 percent. US job growth has slowed, however. Experts say hurricane Florence may have put pressure on the retail and catering industry.



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