Unemployment Reaches 30-year low Mark

Posted by accountingweb on Oct 6 2000 75 printer friendly

We've done it again: the unemployment rate for September matched the 30-year low achieved last April. The final total for the month was 3.9 percent.

In addition, the jobless rate for African Americans fell to an all-time monthly low of 7 percent for September, surpassing the 7.2 percent achieved last April.

While September unemployment figures were negatively affected when the Census Bureau dismissed 27,000 temporary employees, the effects were more than offset by the settlement of the Verizon strike which brought 87,000 workers back into the workforce.

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