Originally published at: BACK TO WORK: Unemployment Drops to 3.7%, Lowest Since DECEMBER 1969 | Sean Hannity
The US economy continued to smash expectations and break records in September, with recently released data showing the unemployment rate dropping to just 3.7%; the lowest level since December 1969.
According to CNBC, the nation’s job market roared to life last month as the unemployment rate for American workers plummeted to levels not seen in roughly 50 years.
“The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations,” writes CNBC.
The unemployment rate for African-Americans dropped three-tenths of a percent to 6%; hovering slightly higher than the historic low of 5.9%.
The strong economic data may spell disaster for Democrats heading into the 2018 midterm elections, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ should her party retake control of Congress this November.
Read the full report at CNBC.
