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Dontlooknow

- 30,000 jobs in september. We are offically in a recession.

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

  • The U.S. economy lost 33,000 jobs in September even as the unemployment rate fell to 4.2 percent, the Bureau of Labor Statistics reports.
  • The jobs loss was the first monthly decline in seven years, when the economy was still pulling out of the Great Recession.
  • The decline reflected the devastating effects from Hurricanes Harvey and Irma.
Published 3 Hours Ago Updated 2 Hours AgoCNBC.com

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.

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

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Just now, dontlooknow said:

This breaks obamas record of job growth. 

Unemployment went down to 4.2 %%%%

 

Hurricanes has slowed the growth......

 

Just a fact

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Benson doesn't understand what a recession is. 

I told you these idiots would try to blame Trump for the results of these hurricanes. 

These morons are just TOO predictable. 

 

 

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33 minutes ago, Z09 said:

Unemployment went down to 4.2 %%%%

 

Hurricanes has slowed the growth......

 

Just a fact

It sure did. But jobless claims went up. 

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HA!! 

 

Maybe, but the low job performance was likely to the loss of MILLIONS of man hours of work, due to the THREE Hurricanes that hit, and lilely to result in a BOON to job creation the upcoming months...

 

WILL THAT mean they YOUR "recession" would be over.

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Just now, ConservativeWAVE said:

HA!! 

 

Maybe, but the low job performance was likely to the loss of MILLIONS of man hours of work, due to the THREE Hurricanes that hit, and lilely to result in a BOON to job creation the upcoming months...

 

WILL THAT mean they YOUR "recession" would be over.

Its possible. We will see how long it takes. 

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"- 30,000 jobs in september. We are offically in a recession."

 

tommy, are you so clueless that you don't know the definition of recession?

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