JOBS REPORT: U.S. LOSES 33,000 JOBS IN SEPTEMBER. FIRST DECLINE IN 6 YEARS

The numbers are in. And they aren’t good. With early projections showing a job growth of 80,000 for the month of September, the actual numbers that were released this morning by The Bureau Of Labor Statistics showed a sad reality. The U.S. economy lost 33,000 jobs in September. It would be careless to report these numbers without taking the recent hurricanes in Texas and Florida into consideration. But, with that said, the combined numbers from July and August were revised downward. And that had nothing to do with the storms. This is the first time the U.S. economy has lost jobs since September of 2010. The September decline of this year interrupts the longest streak on record of consecutive months in which the economy added jobs. This is bad news for job seekers, and hopefully not a new trend. Maybe September was just one bad month and not the new norm. I guess we will just have to wait and see. But, on the good side, the president did send out some Tweets yesterday showing his pleasure with how well the stock market is performing. Not sure that this will mean much to most people, but, at least the very wealthy are not having to participate in the decline in the economy that the rest are us are currently in the middle of right?

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