US sheds 30K jobs in September amid hurricanes


Posted on: October 6th, 2017 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — The U.S. lost 33,000 jobs in September, despite expectations that tens of thousands of jobs would be added.

The Labor Department said the recent hurricanes — Irma and Harvey — had a major impact on the numbers. The areas hit by the storms employ 11 million Americans, and many of those jobs were temporarily halted due to the storms.

The Labor Department also revised numbers from July, which was brought down to 138,000, and August, which were brought up to 169,000. With these revisions, employment gains in those months combined were 38,000 less than previously reported.

The U.S. economy has now added 172,000 jobs per month over the past 12 months.

However, wage are rising. In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to $26.55.

And unemployment is falling — down 0.2 percent to 4.2 percent in September. The number of unemployed persons declined by 331,000 to 6.8 million.

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