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Home>UPDATE: In the eye of the hurricanes: U.S. job creation likely stunted in September

UPDATE: In the eye of the hurricanes: U.S. job creation likely stunted in September

UPDATE: In the eye of the hurricanes: U.S. job creation likely stunted in September

10/06/2017

By Jeffry Bartash, MarketWatch

U.S. job gains in September estimated at less than 100,000

If the effects of historic hurricanes such as Katrina and Sandy hold true, the U.S. jobs market probably suffered in September from the recent onslaught of superstorms.

(http://projects.marketwatch.com/economic-data/?series=PAYEMS&theme=white&hed=Nonfarm+payrolls+growth&dek=In+thousands&source=Bureau+of+Labor+Statistics+via+FRED&source_link=http%3A%2F%2Fwww.bls.gov%2Fces%2F&drad=on&start=2015-10-01&end=2017-10-01&predictions=predictions&p_start=2017-07-05&p_end=2017-10-05&legend=tl&legend_x=5&legend_y=5)

The U.S. likely added just 75,000 new jobs last month in the wake of hurricanes Harvey and Irma, economists polled by MarketWatch forecast. That would be about half the size of the job gains in August.

Here's what to watch in the government's employment report for September due Friday morning.

Moving target

Economists are all over the map in their forecasts for September. Estimates range from a loss of 45,000 jobs to an increase of 260,000. A negative number would be the first in eight years.

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