US Loses 33,000 Jobs in Sept.

The jobs report is out and it’s a weird one. In September, the economy lost 33,000 jobs while the unemployment rate fell to a new post-crisis low of 4.2%, Yahoo Finance reported. This is the first negative print for headline payroll gains since September 2010 while the unemployment rate is now at its lowest level since February 2001. Friday’s report also broke a 90-month streak of private sector job growth. Economists had expected that nonfarm payrolls would grow by 80,000 during the month with the unemployment rate expected to remain steady at 4.4%. This report, however, was impacted by hurricanes Harvey and Irma.