By The Numbers
- Money-Making Mood Stabilizers
- No Product Revenues, Plenty of Risk: Buy Exelixis?
- Lightning Round: Caterpillar, Starbucks, Intel and More
- Lightning Round OT: SanDisk, Marvel Entertainment and More
- The Discounter’s Dilemma
- Cramer: Earnings, IPOs Dominate Next Week’s Game Plan
- Web Extra: The Final Trade
- Buying Fear: How to Own Volatility
- Burned by A&F, Alcoa & More
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
MOST SHARED
- US Becomes Top Country Brand Under Obama: Survey
- Solar Market Heating Back Up?
- Sweeping Health Care Overhaul Bill Passes House
- Realty Execs See Pain Ahead
- Easy Money & Stocks
- Administration Rejects Plan to Buy Fannie Mae Credits
- Want the Homebuyer's Tax Credit? Here Are Some Tips
- Tommy Lee Looks to Rock On-Line
RSS FEED
Text Size 
Director of Market Data & Content Services
The latest overall job loss numbers showed a loss of 467,000 jobs in June and the unemployment rate climbed to 9.5%, the highest rate since August 1983.
The May and April numbers were revised to losses of 322,000 and 519,000, respectively. 6.5 million jobs have now been lost since this recession began. In the 2001 recession, monthly losses hit a high of 325,000.
The 1990-91 recession peaked at 306,000 losses. As you can see from the chart below, numbers peak toward the end of a recession (past recessions are marked by grey bands), making employment a lagging indicator.
 |
Here is a breakdown of where the job losses were as well as which sectors were adding jobs. Worst hit was manufacturing, construction, and professional services. Again, health services and education added the most jobs. The government surprisingly shed 52,000 jobs.
Total change in non-farm payroll = - 467,000
- Private Sector = - 415,000
- Natural Resources & Mining = - 8,000
- Construction = - 79,000
- Manufacturing = - 136,000
- Durable goods = - 112,000
- Non-durable goods = - 24,000
- Services = - 244,000
- Wholesale Trade = - 15,900
- Retail Trade = - 21,000
- Transportation = - 13,900
- Utilities = - 200
- Information & Media = - 21,000
- Financial Svcs & Real Estate = - 27,000
- Professional & Business Svcs = - 118,000
- Education = + 14,900
- Health Svcs = + 18,600
- Leisure = - 18,000
- Government = - 52,000
The futures dropped up on the worse than expected news. In the pre-market, 3M[MMM
Loading...
()
], Alcoa [AA
Loading...
()
], Kraft [KFT
Loading...
()
], Travelers [TRV
Loading...
()
] and Bank of America [BAC
Loading...
()
] were leading the Dow to the downside.
Comments? Send them to
- Rumors abound that Oprah will leave her show to start a new network. What would this mean for daytime TV?
- A private equity specialist sponsored a stand-up comedy troupe in New York to prove that CEOs can, in fact, be funny.
- Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
- Did Hideki Matsui’s performance make it more likely that the Yankees will pay to have him back?
- Which wines should you bring—or serve—with holiday meals this year? Ask a connoisseur.
- Two competitors in this year’s World Series of Poker in Las Vegas have stories fit for Hollywood.
Data is a real-time snapshot *Data is delayed at least 15 minutes