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US unemployment rate falls to 50-year low

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data.
 
The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month.
 
In addition, August data was revised up to 168,000 jobs created instead of the previously reported 130,000.
 
However, wage growth was unchanged and manufacturing jobs fell in September.


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