Forecast: 167,000 Jobs Lost In September
The Bureau of Labor Statistics report will show a total of 167,000 jobs lost in September, WANTED predicts.
This is a relative improvement over the 216,000 drop in nonfarm workers in August.
WANTED reached this predicted number because there were 32,000 fewer new unemployment insurance claims in the four weeks preceding September 12 (the day nonfarm employment, the number we care about, is counted), and hiring demand, based on the number of ads posted on job boards, is essentially unchanged since last month.
The BLS will release its official numbers Oct. 2.
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