Florida and Texas shed almost 135,000 jobs in the wake of storms that battered the Southern and Eastern U.S., but broad reconstruction efforts and increased consumer spending will likely benefit other parts of the economy and lead to a rally in jobs. Floridians lost 127,400 jobs in September, seasonally adjusted, as Hurricane Irma hit, while Texas lost 7,300 jobs that month in the wake of Harvey, according to data released by the Bureau of Labor Statistics.
(This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
Comments are closed.