A Total Of 5,133 Million Jobs Have Been Lost In The US Since January 2008

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A Total Of 5,133 Million Jobs Have Been Lost In The US Since January 2008

By Greg Michalowski on April 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The Manufacturing leads the way with 1,467 jobs lost since Jan 2008. Trade Transportation next weakest sector. Construction has lost 14% of jobs since January 2008. A total of 126,000 were lost this month, the 3rd worst on record.

Goods Producing Jobs lost 305K jobs. Service producing jobs lost 358K continuing the trend of Service sector more weak than the manufacturing. Retail jobs fell by 47.8K. Temporary workers fell by 72K as that trend continues.

Another disturbing trend is the Health Care only added only 8K jobs last month. It was the only sector that showed a gain for the month but is down sharply from the normal gain.

Government started to show declines with employment falling by 5K. This should get worse going forward as budget cuts are just getting going, with school teachers a target (sad as it is).

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