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Quote of the Week Payroll Employment in June 2009 |
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“Sell a man a fish, he eats for a day, teach a man how to fish, you ruin a wonderful business opportunity.” —Karl Marx |
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Since the recession began in December 2007, payroll employment has fallen by 6.5 million. Job losses from April to June averaged 436,000 per month, compared with losses averaging 670,000 per month from November to March.
Total nonfarm payroll employment declined by 467,000 in June. Job losses continued to be widespread across major industry sectors. Employment in manufacturing fell by 136,000 over the month and has declined by 1.9 million during the recession. Employment in the professional and business services industry declined by 118,000 in June; this industry has shed 1.5 million jobs since an employment peak in December 2007. Employment in construction fell by 79,000. Financial activities employment declined by 27,000. The information industry lost 21,000 jobs over the month and 187,000 since the start of the recession. These data are from the Bureau of Labor Statistics’ Current Employment Statistics program and are seasonally adjusted. More information can be found in “The Employment Situation: June 2009”. Source: US Department of Labor Bureau of Labor Statistics |
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