33,000 jobs lost, probably due to Hurricanes Harvey, Irma, and Maria. Unemployment drops to 4.2%.
This is the first drop in total jobs since September 2010 with a huge drop in the number of people employed in the "Food Services and Drinking Places" sector. We won't know if this total drop was due to the hurricanes at least until the state employment reports for September are published later this month.
The September 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, October 6.
The September 2017 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, October 6.
- This was a very mediocre report, showing a loss of 33,000 jobs, the first loss in total jobs since September 2010.
- However, the unemployment rate dropped down to 4.2%, the lowest unemployment rate since February 2001.
Hurricane influence?
