The U.S. job market remains strong according to the Labor Department's latest report, with the unemployment rate falling to 3.4%, tying for the lowest level since 1969. Nonfarm payrolls increased by 253,000, beating Wall Street estimates, and the more encompassing number that includes discouraged workers and those holding part-time jobs for economic reasons edged lower to 6.6%. This indicates that the job market is still strong despite the economic slowdown.
