Friday, October 6, 2017
U.S. Lost 33,000 Jobs in September as Hurricanes Roared Through
The Labor Department released its official hiring and unemployment figures for September on Friday morning, providing the latest snapshot of the American economy.
The economy lost 33,000 jobs last month, the first monthly decline in employment in seven years. Wall Street economists had expected very modest employment gains of 80,000, according to Bloomberg.
The hurricanes that roared through Florida, Texas and neighboring states knocked down September’s national payroll totals. But whatever damage the storms caused, Wall Street analysts do not expect it to significantly undermine the labor market over the long term. …