US lost 33,000 jobs in Sept, vs 90,000 jobs increase expected

The hurricanes hit this number and even though it comes in negative, it isn’t a shock headline. At last look the markets were shrugging it off.

(From CNBC)

The U.S. economy lost 33,000 jobs in September even as the unemployment rate fell to 4.2 percent, the Bureau of Labor Statistics reported Friday.

It was the first time since September 2010 that the closely watched number was negative.

Even with the surprise jobs number, the closely watched hourly wages figure jumped higher, to an annualized rate of 2.9 percent.

Economists surveyed by Reuters expected payroll growth of 90,000 in September, compared to the initially reported 156,000 in August. The unemployment rate was expected to hold steady at 4.4 percent.

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