Strong healthcare hiring helped push the overall unemployment rate to a historic low in September.
Healthcare added 38,800 jobs last month, making up nearly 30% of overall hiring and contributing to a lower, 3.5% unemployment rate. The U.S. unemployment rate hasn't been this low since December 1969, according to preliminary data from the U.S. Bureau of Labor Statistics' September jobs report, released Friday.
September's healthcare hiring was up slightly from August's revised count of 37,200 jobs added, which was a significant revision from the preliminary estimate of 23,900 jobs added in August.
As usual, ambulatory hiring dominated the healthcare industry, making up about three-quarters of jobs added, or 28,700 new hires. Preliminary data indicated the ambulatory sector had made 12,100 new hires in August, which would have been down significantly from July. However, the actual number is likely much higher, given the agency's revised total.