Oct 04, 2024
BAKERSFIELD, Calif. (KGET) -- The U.S. added 254,000 jobs in September, while the unemployment rate fell from 4.2% in August to 4.1%. The unemployment rate was expected to be unchanged from August. The Bureau of Labor Statistics reported this week that the hiring rate had declined to just 3.3%, its lowest level since Oct. 2013. Low cost dog vaccination & licensing clinic coming Silver Creek Park Saturday The last time the hiring rate had been that low was when the economy was just beginning to merge from the great recession. The report did shed some light on some positive economic indicators such as, layoffs and new filings for unemployment remain subdued. Never miss a story: Make KGET.com your homepage Economists said the federal reserve's latest larger-than-expected rate cut with more cuts likely to come should help spur activity in sectors of the economy that rely on lending, like housing manufacturing and autos.
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