September 2017 employment: US loses 33,000 jobs

October 10, 2017

According to ‘The Employment Situation‘ report released by the U.S. Department of Labor’s Bureau of Labor Statistics, the US economy lost 33,000 jobs in September 2017 due to the impact of Hurricanes Irma and Harvey while the unemployment rate declined to 4.2 percent.

The jobs report revealed a steep employment decline in food services and drinking places and below-trend growth in some other industries likely reflecting the impact of Hurricanes Irma and Harvey. Employment rose mostly in health care and also transportation and warehousing.

Among the major worker groups, the unemployment rates for adult women (3.6 percent) and Whites (3.5 percent) declined in October. The jobless rates for adult men (3.8 percent), teenagers (13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanic (4.8 percent) showed little change.

The change in employment for July 2017 was revised from 189,000 to 138,000 jobs added while August 2017was revised from 156,000 to 169,000 jobs added. With the revisions, employment gains in these two months were 38,000 jobs less than previously reported.

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