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.
Job growth in September was expected to be lower than usual because of the effects of several devastating hurricanes. Economists did not generally predict an actual decline, but a not-so-stellar report was widely anticipated.
Photo: Dreamstime.com
Latest from Greenhouse Management
- Meet the Next Gen: Gabriella Blair, Star Roses and Plants
- Leading Women of Horticulture: Katie Dubow, Garden Media Group, and Aubry Field, Lizzy Blossom
- Showing up at your horticulture business as your whole self
- Leading women of Greenhouse Management
- USDA fires experts on invasive pests, including Asian citrus psyllid, chilli thrips
- Farwest Show calls for 2025 New Varieties Showcase entries
- Leading Women of Horticulture: Arden Pontasch, North Creek Nurseries
- Leading Women of Horticulture: Emily Showalter, Willoway Nurseries
