U.S. employers added 134,000 jobs and the unemployment rate fell to its lowest level since 1969 in September.

The total number of nonfarm payroll jobs rose by 1.7% over the past year, a pace that's been little changed over the past two years.

Weekly wages increased about 3.4% while hourly wages are up about 2.8% over the past year. Most of those gains, however, are only a little bit higher than the inflation rate.