The unemployment rate dipped 0.1 percentage points to 5.9% in September, the first time since November 1974 that the rate has been below 6.0%. The decline in the rate occurred as employment rose by an estimated 51,000, with gains concentrated in full-time employment.
So far in 2007, employment has grown by 1.7% (+283,000), a rate of growth higher than that observed over the first nine months of 2006 (+1.3%).
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