Author Topic: US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected  (Read 1140 times)

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Offline ABX

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US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected
« on: October 06, 2017, 04:06:36 pm »
Pretty much anyone would have predicted a big drop after those hurricanes. I'm waiting to see the detail though of where they came from, specifically wondering how Texas was hit.


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Hurricanes Harvey and Irma damaged not only Texas and Florida but also the U.S. jobs picture, as payrolls fell by 33,000 in September. That drop came even as the unemployment rate fell to a 16-year low of 4.2 percent, the Bureau of Labor Statistics reported Friday.

The jobs loss was the first monthly decline in seven years, when the economy was still pulling out of the Great Recession......

https://www.cnbc.com/2017/10/06/us-lost-33000-jobs-in-sept-vs-90000-jobs-increase-expected.html





Offline Sanguine

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Re: US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected
« Reply #1 on: October 06, 2017, 04:30:04 pm »
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In all, though, 2017 thus far has seen the slowest jobs growth in at least five years.

Is this true?

Offline Frank Cannon

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Re: US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected
« Reply #2 on: October 06, 2017, 05:04:13 pm »
Is this true?

No.

Just remember Harwood the reporter for CNBC was caught coordinating with Hitlary to make Trump lose.
« Last Edit: October 06, 2017, 05:05:16 pm by Frank Cannon »

Offline ABX

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Re: US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected
« Reply #3 on: October 06, 2017, 05:15:00 pm »
Is this true?

From a quick Google search, at least as it has been reported by the DOL, yes. From around 2013 on, there was either small job growth or it was flat, this is the first significant loss. BUT, it is totally expected with the hurricanes.