The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
U.S. job growth accelerated in November while the unemployment rate fell to 3.7%.
Millions of “gig” workers may get missed every month in the U.S. government’s employment report.