Unemployment rate lowers to 3.5%, wage growth lower than expected

The U.S. economy added 136,000 jobs in the month of September and saw the lowest unemployment rate in 50 years. John Bellows, Western Asset Portfolio Manager, joins Yahoo Finance to discuss, "Wages at 3% annual growth rate are actually slower than what people expected...it really plateaued here. I think there were a number of people who expected that with a low unemployment rate, wage growth would keep marching higher, it has not and I think that's confounding a lot of people."