US Jobs Dropped By 33,000 In September, Likely Due To Storms (npr.org)

An anonymous reader shares an NPR report: 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 7-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.

Comments

Re:Storms?

[PopeRatzo]

Yet the actual scientists who study hurricanes and forecasted last year that this years hurricanes would be worse than recent norms say it the warming is caused by El Nino not global warming.

You better check that again. Wrong ocean.

Re:...and in a month or two...

[Anonymous Coward]

Reading fallacy. This entire chain is pointless, because Solandri started it all by not reading. OP didn't say there was going to be a big economic boom because of this. He said there was going to be "a massive boom in construction jobs". He labelled a specific area that was going to have a boom.

Solandri's post was the equivalent of saying it's a fallacy that there was a dotcom boom or a housing boom or any other boom, because if those hadn't happened the money would have just been used somewhere else.