Jobs

The September Jobs Report in 9 Charts

10/7/17
from The Wall Street Journal,
10/6/17:

The U.S. economy shed 33,000 jobs and the unemployment rate fell to 4.2% in September. The labor market lost jobs for the first time in seven years, showing how the economy took a hit from hurricanes in Florida and Texas.

Job losses were overwhelmingly concentrated in food services and drinking places, due to the simple fact that large numbers of restaurants and bars were closed during the storms.

The number of Americans in the labor force increased last month—labor-force status would not typically be affected by a temporary layoff from a hurricane—and is now at the highest level since March 2014. The share of Americans who are working has gradually been rising for seven years and is now at the highest since 2009.

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