Unemployment rate declined to 3.5%, hits 50-year low

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The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase.

The unemployment rate declined to 3.5 percent in September, and total nonfarm payroll employment rose by 136,000. Employment in health care and in professional and business services continued to trend up.

This is the slowest pace of job growth in four months, as businesses grew more cautious about hiring, but employment gains for August and July revised up by a combined 45,000

The number of unemployed people fell by 275,00 over the month.

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