Big rebound in October jobs expected after hurricanes hit September hiring
Friday, November 3, 2017 | Tag Cloud Tags: Florida, Harvey, hurricane, News, PLO, Texas, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – Economists expect job growth of 310,000 in October, a rebound after the impact of hurricanes Harvey and Irma resulted in a 33,000 decline in September.
The weak September employment report was the biggest shocker in U.S. economic data, after hurricanes ripped through Texas, Florida and other parts of the South in late August and early September. Other data has mostly come in strong, including GDP, which has now grown at 3 percent for two quarters in a row.
“Our forecast is for 325,000. It’s going to be a big number,” said Seth Carpenter, chief U.S. economist at UBS. “You’re going to get a kind of soft average for those two months.” [ Source: CNBC (Read More…) ]
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.