Unemployment rate falls below 6%NEW YORK (CNNMoney)The nation's unemployment rate fell below 6% in September for the first time in six years.
The rate came in at 5.9%, while employers added 248,000 jobs last month.
The unemployment rate fell last month because more people were getting jobs, not because they were dropping out of the labor force as they have at times during the economic recovery. The number of people in the workforce was essentially unchanged.Jobs growth was strong in professional and business services, particularly in employment services and consulting. The retail and health care sectors, which have been a powerhouse throughout the recovery, also gained. Construction added 16,000 jobs.
Upward Trek for U.S. Job Creation Continues in SeptemberJob Creation Index at six-year high despite small drop in government hiring
by Justin McCarthy
WASHINGTON, D.C. -- Gallup's U.S. Job Creation Index reached a six-year high of +30 in September. This is up from twin readings of +28 in July and August.
