The U.S. unemployment rate fell to its lowest level in 50 years and 136,000 jobs were added in September, the Department of Labor said Friday.
The unemployment rate, now at 3.5%, fell by .2% since August. Some experts say this should help quell fears of an upcoming recession.
Federal Reserve Chairman Jerome Powell, speaking at a Fed Listens event in Washington, D.C., on Friday, said the “overall” the economy is “in a good place” and "our job is to keep it there as long as possible.”
“Unemployment is near a half-century low and inflation is running close to, but a bit below, our 2 percent objective,” Powell said.