U.S. adds more jobs, unemployment dips to 4.1%

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.

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.

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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