U.S. Adds 136,000 Jobs in September, Jobless Rate Falls to 3.5%

The transcript discusses job revisions for July and August, adding 45,000 jobs, and a drop in the unemployment rate to 3.5%, the lowest since 1969. It highlights job creation in the private sector and government, with stagnant wages and unchanged labor force participation. Unemployment rates for African Americans and Hispanics reach record lows. Retail and manufacturing sectors face job losses, while construction sees gains. The report's implications for the Federal Reserve and Wall Street are uncertain.

What was the main reason for the drop in the unemployment rate to 3.5%?

• A decrease in the labor force

• More people finding jobs

• An increase in census jobs

• Higher wages

Which sector has been losing jobs for eight consecutive months?

• Transportation

• Manufacturing

• Construction

• Retail

What is the lowest recorded unemployment rate for African Americans mentioned in the transcript?

• 6.9%

• 2.9%

• 3.9%

• 5.5%

Which sector gained jobs despite the overall economic challenges?

• Transportation

• Construction

• Manufacturing

• Retail

How might the Federal Reserve interpret the economic report?

• As a sign to increase interest rates

• As a need to intervene in the labor market

• As a reason to decrease interest rates

• As an indication to maintain current policies