U.S. Jobs Dropped By 33,000 In September, Likely Due To Storms

U.S. Jobs

 

The U.S. economy shed 33,000 jobs in September, according to the latest report from the Bureau of Labor Statistics, while unemployment fell to 4.2 percent.

The September payrolls drop broke a nearly seven-year streak of continuous job gains, but economists caution that the drop is likely representing the short-term consequences of bad weather, not a long-term shift in the job market.

Before this report, the economy had added an average of about 175,000 jobs per month; the unemployment rate has been at 4.3 or 4.4 percent since April.

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