An Interest In:
Web News this Week
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
October 6, 2017 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/uWc4AXokDTA/us-jobs-dropped-by-33000-in-september-likely-due-to-storms
US Jobs Dropped By 33,000 In September, Likely Due To Storms
An anonymous reader shares an NPR report: The U.S. economy shed 33,000 jobs in September, according to the latest report from the Bureau of Labor Statistics, while unemployment fell to 4.2 percent. The September payrolls drop broke a nearly 7-year streak of continuous job gains. But economists caution that the drop is likely representing the short-term consequences of bad weather, not a long-term shift in the job market. Before this report, the economy had added an average of about 175,000 jobs per month; the unemployment rate has been at 4.3 or 4.4 percent since April. Job growth in September was expected to be lower than usual because of the effects of several devastating hurricanes. Economists did not generally predict an actual decline, but a not-so-stellar report was widely anticipated.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/uWc4AXokDTA/us-jobs-dropped-by-33000-in-september-likely-due-to-storms
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot