US unemployment falls to 3.7 percent - lowest since 1969

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The rate dropped from 3.9 percent in August, according to the latest Labor Department report.

And a new Trump administration tariff on $200 billion in Chinese imports - along with China's retaliation against USA imports - took effect last month, hitting many consumer goods.

BLS revisions added 87,000 more jobs for July and August.

Economists had estimated 185,000 new jobs were created last month, according to a Bloomberg survey.

The employment rate in the leisure and hospitality fields showed little change in September, a contrast from the modest upward trend that had been in place before last month, the Labor Department said.

All eyes on Wall Street will be on September's US employment report. The jobless rate fell from August's 3.9 percent.

Unemployment among African Americans declined three-tenths of a percent to 6 percent, close to the record low of 5.9 percent set in May.

The report reinforced the view of Federal Reserve policymakers, who cited a strong job market when they announced they were increasing a benchmark interest rate - the third hike in a year.

Take extra care interpreting September's jobs figures because of Hurricane Florence, which hit the Carolinas in the middle of the month.

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The Labor Department said it was "impossible to quantify" the hurricane's net effect on employment. "T$3 he official data only include people who were paid something - anything - in the survey period". The average workweek was unchanged at 34.5 hours. The Fed raised interest rates last month as expected, but has thus far been content to move slowly.

The last time the American job market was this strong, astronauts were still going to the moon.

Economists also noted that the initial September payrolls growth estimate tended to be revised higher. The dollar was trading lower against a basket of currencies while US Treasury yields were higher.

Average hourly earnings rose 8 cents to $27.24, lowering the annual gain to 2.8 percent from a nine-year high of 2.9 percent in August. North said the numbers indicate that employers are requiring the people they already have on their payrolls to work longer hours each week. The Fed is forecasting the economy will grow 3.1 percent this year - that's up from the 2.8 percent it projected in June.

This week, Amazon announced that it will raise the minimum wage for all US workers to $15 per hour, starting in November.

Consumers, business executives and most economists remain optimistic. Overall government payrolls increased by 13 000.

Mornings with Maria panel on the September jobs report and the outlook for the USA job market. The construction, mining, manufacturing, and logging industries added 900,000 jobs. Many of those jobs are likely to bounce back in the coming months.

Washington last month slapped tariffs on $200 billion worth of Chinese goods, with Beijing retaliating with duties on $60 billion worth of US products. President Donald Trump's administration has imposed tariffs on imported steel and aluminum as well as on roughly half of China's imports to the United States.