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Tuesday, July 21, 2009


National Unemployment Rate Rises as More Jobs Lost

According to the most recent data from the Bureau of Labor Statistics, 9.5 percent of the nation’s population was without work during the month of June. This means that there was a 0.1 percent decrease from May's 9.4 percent. June marked the 9th consecutive month that the United State's jobless rate increased. During the same month last year only 5.6 percent of the country’s population did not have jobs.

One interesting thing found in Bureau's most recent Employment Situation is that the struggling job market is affecting the genders differently. Across the nation 10 percent of adult men were without work, while only 7.6 percent of adult females have been unable to find jobs.

The report showed that payroll jobs across the nation continued to decline during the month. Approximately 467,000 positions were lost. Since the official onset of the national economic recession in December of 2007, payroll employment has declined by 6.5 million jobs.

Although job losses continued to be widespread throughout all industries, the most notable declines were experienced in manufacturing, professional and business services sector, and the construction industry. The manufacturing sector reported the loss of approximately 136,000 jobs during June, while the professional and business services industry lost 118,000 positions. The construction industry, which has been long plagued by the housing market slump, experienced a loss of 79,000 jobs.

The retail industry reported the loss of 21,000 jobs, while the financial activities sector saw a decline of 27,000 positions. Since the official onset of the recession, this area of employment has shrunk by 489,000 jobs. Like the retail sector, the information industry saw a decline of 21,000 positions.

Federal government jobs also saw a decline during June, losing 49,000 positions. According to the report this was largely due to the Census Bureau laying off workers who were hired on a temporary basis to handle the surveys for 2010.

One of the fewer areas of employment that continues to see job growth is the healthcare industry. During the month of June, employers in this sector created 21,000 new positions nationwide. Throughout the course of this year, the industry has averaged 21,000 freshly minted jobs each month. During 2008, the sector saw approximately 30,000 jobs created every 30 days.

According to the report, the average employee had a workweek of 33 hours in June. This is a decline of 0.1 hour and is the lowest level recorded since the Bureau began tracking these statistics in 1964. Despite this, workers in the manufacturing industry are now working 0.1 hours more each week, which means their workweek is now 39.5 hours long.

Currently, the average worker makes $18.53 an hour.

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