US employment falls for first time in seven years amid hurricane destruction - as it happened - News Summed Up

US employment falls for first time in seven years amid hurricane destruction - as it happened


Dominic Rushe writes:The US jobs market stalled in September, losing 33,000 jobs, as Hurricanes Harvey and Irma took their toll. But a loss in jobs was far worse than the 80,000 new jobs most US economists had expected would be created. It ends the longest stretch of uninterrupted jobs growth in US history. Ahead of Friday’s jobs report the Bureau of Labor Statistics said some 11.2 million workers lived in the affected areas, about 7.7% of the US workforce. This is the second month of disappointing growth in the US jobs market.


Source: The Guardian October 06, 2017 07:15 UTC



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