BUSINESS / Economy

U.S. jobless rate at six-year low as September hiring rate accelerated

President Barack Obama, during a visit to Millennium Steel Service in Princeton, Indiana, on Friday, discusses the nation's economy as part of Manufacturing Day. Boosted by the lowest jobless rate in six years, the president heralded September's hiring rate as the longest uninterrupted stretch of private sector job growth in U.S. history and boasted the country is surpassing combined job creation in other advanced economies. | AP

Reuters

Oct 4, 2014

WASHINGTON –

U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.

Friday's report on employment is the most significant gauge of the economy's health ahead of Nov. 4 congressional elections.

While President Barack Obama's message of an improving economy has been hampered by weakness in wages that persisted through last month, the data nevertheless underscored the strides the labor market has made this year.

U.S. jobless rate at six-year low as September hiring rate accelerated

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