US Unemployment Rate Unexpectedly Plunges Below 8% As 661K Jobs Added

US Unemployment Rate Unexpectedly Plunges Below 8% As 661K Jobs Added Tyler Durden Fri, 10/02/2020 - 08:36 In a repeat of last month when the monthly payrolls came in as expected but the unemployment rate dropped far more than expected, moments ago the BLS report that in September a total of 661K jobs were added, below the 868K expected, and less than half the 1.489MM in August... ... but offsetting this disappointment was the plunge in the unemployment rate which tumbled by a whopping 50bps from 8.4% to 7.9%, with rates for both blacks and Hispanic plunging as well. Developing    
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