September NFP = -33,000

The U.S. economy lost 33,000 net jobs last month. Of course, the hurricanes played a big role in that. This was the first negative month for NFP since 2010.

The unemployment rate fell to 4.2%. That’s the lowest rate since February 2001.

In the last year, average hourly earnings are up 2.9%.

Here’s unemployment:

Here’s the change in nonfarm payrolls:

Here’s the broader U6 rate which is at a cycle low of 8.3%.

Posted by Eddy Elfenbein on October 6th, 2017 at 9:01 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.