The unemployment rate declined to 3.5% in September, and total nonfarm payroll employment rose by 136,000, the U.S. Bureau of Labor Statistics reported today. Employment in health care and in professional and business services continued to trend up.
In September, the unemployment rate declined by 0.2% to 3.5%. The last time the rate was this low was in December 1969, when it also was 3.5%. Over the month, the number of unemployed persons decreased by 275,000 to 5.8 million.
Employment in other major industries, including mining, construction, manufacturing, wholesale trade, information, financial activities, and leisure and hospitality, showed little change over the month.