Worthy Christian News » U.S. Headlines » Hurricanes may have wiped out as many as 125,000 jobs from September


Hurricanes may have wiped out as many as 125,000 jobs from September

Friday, October 6, 2017 | Tag Cloud Tags: , , , , , ,

(Worthy News) - Hurricanes Harvey and Irma may have wiped as many as 125,000 jobs from the September employment report, resulting in job growth below 100,000.

With the historic double shocks of two Category 4 storms, the 8:30 a.m. ET Friday report is going to be fluky. The forecast for new payrolls falls in an unusually wide range — with expectations between 45,000 jobs lost to a gain of 150,000 or more.

The divergence shows just how difficult it has been to measure the economic impact of the two back-to-back storms that hit the mainland U.S. in late August and early September. Economists say the Fed will look past this report when considering monetary policy, and the employment picture be much more clear by the time it is expected to consider raising interest rates in December. [ Source: CNBC (Read More...) ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » U.S. Headlines » Hurricanes may have wiped out as many as 125,000 jobs from September

Leave a Comment

Worthy Christian News » U.S. Headlines » Hurricanes may have wiped out as many as 125,000 jobs from September