The drop of two-tenths of a percentage point in the U.S. unemployment rate from 3.9% in August pushed it to levels last seen in December 1969 and left it near the Fed's forecast of 3.7% by the end of this year.
Wall Street seems to agree.
But the United States unemployment rate fell to near a 49-year low of 3.7%, pointing to a further tightening in labour market conditions. A total of 270,000 jobs were gained in August, up from 201,000.
The annual rise in wages fell to 2.8 percent from 2.9 percent in August, which was the biggest advance in more than nine years.
By almost any measure, today's labor market is the strongest since the dot-com boom of the late 1990s and early 2000s.
September marked the 10th anniversary of the collapse of Lehman Bros. and the start of the financial crisis.
The nation saw a sharp drop in new hires last year after Hurricanes Harvey and Irma, nearly snapping the record-setting streak of years of continuous job growth. Additionally, September was the first month since December 2000 that the number of unemployed people fell below 6 million. Job growth has repeatedly defied economists' predictions of a slowdown.
The unemployment rate dropped to 3.7 percent in September, a low not seen since 1969.
Andrew Chamberlain, chief economist of the employee review site Glassdoor, says the salaries people have been reporting through their platform show stronger growth than official measures indicate. "These really are the good times".
Wage growth remains sufficient to keep inflation around the Fed's two per cent target.
"Employers are finding it harder to recruit and having to pay more when they do", Mr Robbins said.
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Wage growth, however, has not accelerated.
The long-awaited pickup may already have begun. Online retail giant Amazon announced this week that it would raise its minimum wage to $15 per hour for US employees starting in November.
The Federal Reserve raised interest rates last week for the third time this year and removed the reference to monetary policy remaining "accommodative". If those concerns mount, the Fed might raise interest rates more quickly than planned, which could bring the recovery to an end.
Wages outpaced inflation in September, although both the rate of wage growth and inflation have tapered off slightly in the last month.
Why? The short answer: The economy is good. That compares with 23 000 in August, though the September 2017 count of 1.47 million - following hurricanes Harvey and Irma - was the highest since 1996. That reversed the bulk of the increase from the prior week when claims were boosted by Hurricane Florence, which slammed North and SC in mid-September.
Numerous dislocated people will probably return to work. September's unemployment rate has decreased or remained the same every year since it hit a high of 9.8 percent in 2009. Job gains in July and August were revised up a combined 87,000 from the original reports.
This year, the impact was probably more modest.
The storm likely reduced employment in the affected states, USA Today reported.
The claims data has no bearing on September's employment report, which is scheduled for release on Friday.
Republicans are counting on the strong economy to help hold off a potential "blue wave" of Democratic victories in the House and Senate.
Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in almost 50 years, according to Labor Department figures released Friday. The data beat expectations as economists forecasted a drop to 3.8%. The most direct evidence of the hurricane's impact showed up in the elevated number of workers who reported reduced hours due to bad weather - this metric was over six times larger than what is normal for September.