Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

October 6, 2017

Hurricanes Harvey and Irma damaged not only Texas and Floriday 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 4.2 percent, the Bureau of Labor Statistics reported Friday.

It was the first time since September 2010 that the closely watched number was negative.

Even with the surprise jobs number, the closely watched hourly wages figure jumped higher, to an annualized rate of 2.9 percent.

Economists surveyed by Reuters expected payroll growth of 90,000 in September, compared to the initially reported 156,000 in August. The unemployment rate was expected to hold steady at 4.4 percent.

The number was expected to be lower than usual due to Hurricanes Harvey and Irma that hammered Texas and Florida respectively, as well as other states. Policymakers at the Federal Reserve watch the report closely to help guide future policy, though this month’s report may be treated as outlier due to the weather impact.

Read more

This article was posted: Friday, October 6, 2017 at 7:47 am

Infowars.com Videos:

Comment on this article

Comments are closed.

The Truth About the Border See the rest on the Alex Jones YouTube channel.

What They're Not Telling You About the Migrant Crisis See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/My5TGYvJHbA https://www.youtube.com/embed/UPheeIUVtPo

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.