Unemployment Rate Falls to 4.8 Percent

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Employment rose by 194,000 in September as the U.S. unemployment rate fell to 4.8 percent, according to the most recent U.S. Bureau of Labor Statistics report. So far this year, monthly job growth has averaged 586,000. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined over the month.

Among the major worker groups, the unemployment rates for adult men (4.7 percent), adult women (4.2 percent), Whites (4.2 percent), and Blacks (7.9 percent) declined in September. The jobless rates for teenagers (11.5 percent), Asians (4.2 percent),

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