Jobs: Hiring slows as unemployment stays low
The Labor Department reported last week that employers added 136,000 jobs to the economy in September, while the unemployment rate dropped to 3.5 percent, said Anneken Tappe in CNN.com. Though the U.S. unemployment rate is at its lowest point since 1969, “the pace of hiring has slowed considerably since 2018, when the economy added an average of 223,000 jobs per month.” Other reports have found that American factory activity has contracted for two straight months.