US jobless rate hits 49-year low of 3.7%

The US unemployment rate fell to 3.7% in September, the lowest rate since December 1969.

Figures from the Department of Labor also showed the US economy created 134,000 jobs during the month, fewer than were expected.

Significant jobs growth was seen in professional and business services, healthcare and construction.

Average hourly earnings rose at an annual rate of 2.8% in September, down from 2.9% in August.