The United States last month might have suffered the first drop in eight years in how many Americans are working. But it’s not because something bad is brewing for the economy.
The U.S. has increased hiring 83 months in a row going back to October 2010. Yet that streak is in danger of ending, at least briefly, owing to hurricanes Harvey and Irma.
The pair of superstorms carved a swath of destruction through Texas and Florida, the states with the second and fourth highest number of working Americans.
The disruptions could stunt U.S. employment levels in September since so many people could not get to work. The government only counts as employed the people who were actually at their jobs.
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Posted by Arnaldo Rodgers on 8:23 am, With 0 Reads, Filed under Economy, General News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry