Unemployment Rate Lowest Since 1969 - Adviser Investments

Unemployment Rate Lowest Since 1969

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Friday, November 2. All major U.S. stock indexes declined today, with the Dow Jones Industrial Average, S&P 500 and NASDAQ falling 0.4%, 0.6% and 1.0%, respectively. The Labor Department released its jobs report data for October: 250,000 new jobs were added, far surpassing the 188,000 new positions that analysts forecast. Wages rose more than 3% year-over-year, and the nationwide unemployment rate remained steady at 3.7%—the lowest since 1969.

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