US employment rate at 3.7% touches 48-year-low in Sept

The unemployment rate in the US has dipped to its lowest level since 1969, with an official data putting the figure at 3.7 per cent for the month of September.

Unemployment fell to a 48-year-low of 3.7 per cent from 3.9 per cent in September, according to a data of the Bureau of Labour Statistics.

The number of unemployed people fell by 270,000 to six million, with the largest drop among adult women to 3.3 per cent, it said.

The jobless rate for adult men is 3.4 per cent, teenagers 12.8 per cent, Blacks 6 per cent, Asians 3.5 per cent and Hispanics 4.5 per cent, the data said.

"Just out: 3.7 percent Unemployment is the lowest number since 1969! US President Donald Trump said in a tweet soon after the release of the latest monthly job figures.

However, the report also stated that 134,000 jobs were created in the month of September.

"This decrease in the unemployment rate is due to more people finding jobs, as the labour force participation rate remained unchanged in September," the White House said.

This is only the tenth month since 1970 that the unemployment rate has been recorded below four per cent, with five of these months occurring in 2018, it said.

The unemployment also reached historic lows for multiple demographic groups.

The unemployment rate for Hispanics fell to 4.5 per cent and for women, it fell to 3.6 per cent.

The unemployment rate for those with a high school degree and no college attendance hit 3.7 per cent, the lowest since April 2001.