U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

Updated at 10:21 a.m. ET The U.S. jobless rate dropped to 3.7 percent in September — the lowest since 1969, though the economy added a lower-than-expected 134,000 jobs, the Bureau of Labor Statistics said. The jobless rate fell from August's 3.9 percent. Average earnings rose 8 cents, to $27.24 per hour last month. But wage growth slowed, with average hourly earnings up 2.8 percent from a year earlier, compared with a 2.9 percent increase in August. The economy has now added jobs for nearly...

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Pebble Beach, CA – Most golf fans know by now that San Jose State grad Arron Oberholser won the AT&T Pebble Beach National Pro-Am yesterday by five strokes. But off the golf course, the news was as good as the weather.

KAZU's Ben Adler talks with Ollie Nutt, tournament director and vice president of the Monterey Peninsula Foundation.

Monterey, CA – She could be the first ever female speaker of the house a year from now - if Democrats have a stronger-than-expected showing at the polls this November. But first, San Francisco congresswoman Nancy Pelosi will have to lead her party through a political minefield that has not been kind to Democrats in recent years - without the ability, as the minority party, to set the policy agenda.

Moss Landing, CA – About 75 miles southwest of Monterey -- thousands of feet below the surface of the Pacific Ocean -- sits a huge underwater mountain. Scientists have not known very much about this inactive volcano, known as the Davidson Seamount, but they've recently learned a lot more.

Santa Cruz, CA – The city of Santa Cruz - long known for its liberal politics - is debating a sharp increase in the minimum wage. Activists are gathering signatures to put a measure on the November ballot that would raise the minimum wage $2.50 to $9.25 an hour - with future increases depending on the rate of inflation. As KAZU's Ben Adler reports, the initiative is causing a battle among the city's progressives.

Monterey, CA – California Governor Arnold Schwarzenegger brought his 200-billion-dollar Strategic Growth Plan to the Monterey Peninsula today. He spoke to a gathering of school superintendents from throughout the state this morning and then toured Seaside High School. Later, Schwarzenegger met with local officials to discuss the impact of his series of bond measures on the Monterey Bay Area. KAZU's Ben Adler reports.

Seaside, CA – It's the hottest political scandal in Washington right now. The investigation into who leaked the name of CIA officer Valerie Plame has already led to the indictment of Vice President Dick Cheney's chief of staff, Scooter Libby, and could bring more indictments in the coming weeks. Plame's husband, former ambassador Joseph Wilson, says the Bush Administration leaked her name as retribution for an op-ed piece Wilson wrote in The New York Times rebutting one of the administration's arguments for the war in Iraq.

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