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ABOUT BY THE NUMBERS

Our market specialists dig deep into Wall Street’s daily metrics, crunching the numbers to help you become smarter about the market so that you can make better investment decisions. By The Numbers details the daily drama, the winners and losers, how the day stacks up historically, and how the numbers can offer a glimpse of the future.
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Current DateTime: 06:00:16 11 Feb 2012
LinksList Documentid: 30111251

Jobs Numbers:  Breakdown by Sector

Published: Friday, 3 Sep 2010 | 8:38 AM ET
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By: Ariel Nelson
Director of Market Data & Content Services

The latest overall job loss numbers showed a loss of 54,000 jobs in August and an unemployment rate rising to 9.6%. 

So far for this recession, the peak of losses was 779,000 lost jobs in January 2009.  In the 2001 recession, monthly losses hit a high of 325,000.  The 1990-91 recession peaked at 306,000 losses.  Numbers generally peak toward the end of a recession, making employment a lagging indicator.  The unemployment rate peaked at 10.8% at the end of the 1981-82 recession.

Here is a breakdown of the jobs report by sector. Construction saw its first gain since April. 

Total change in non-farm payroll = - 54,000

  • Private Sector = + 67,000
    • Logging & Mining = + 8,000
    • Construction = + 19,000
    • Manufacturing = - 27,000
      • Durable goods = - 24,000
      • Non-durable goods = - 3,000
    • Services = + 38,000
      • Wholesale Trade = + 4,100
      • Retail Trade = - 4,900
      • Transportation & Warehousing = - 7,400
      • Information Technology = - 1,000
      • Financial Svcs = - 4,000
      • Professional & Business Svcs = + 20,000
      • Education & Health Svcs = + 45,000
      • Leisure = + 13,000
  • Government = - 121,000

The futures are trading down up on the news. 

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