US economy lost 33,000 jobs in September as hurricanes hit hiring

WASHINGTON — The US misplaced 33,000 jobs in September after Hurricanes Harvey and Irma hit Texas, Florida and different Southeastern states. It was the primary decline in six years.

The Labor Division says the unemployment fee fell to four.2 % from four.four %, the bottom degree since February 2001.

Wanting previous the hurricanes’ influence, the job market and financial system usually look wholesome. Some economists anticipate job progress to rebound within the coming months as companies within the space reopen and development corporations ramp up restore and renovation work.

Final month’s drop was pushed by large losses in a eating places and bars, which shed a hundred and five,000 jobs, an indication of the injury to Florida’s tourism business.

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