US jobless rate fell to 50-year low of 3.5%

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US jobless rate fell to 50-year low of 3.5%
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NEW: U.S. unemployment rate fell in September to new five-decade low of 3.5%, while employers added 136,000 jobs.

The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs.

Hiring has slowed this year as the U.S.-China trade war has intensified, global growth has slowed, and businesses have cut back on their investment spending. Still, hiring has averaged 157,000 in the past three months, enough to lower the unemployment rate over time.12:01 a.m. Economists have forecast that the government will report that employers added a modest 145,000 jobs in September and that the unemployment rate remained near a five-decade low of 3.7% for a fourth straight month.

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