RSSUnemployment Rate, seasonally adjusted January 1998 to June 2009
Washington – Bureau of Labor Statistics, July 2, 2009
Unemployment Rises Again In June
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent the Bureau of Labor Statistics of the U.S. Department of Labor reported on July 2, 2009. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction.
The following sectors lost jobs in June:
- Manufacturing employment fell by 136,000 during June, and has declined by 1.9 million since the recession began in December 2007.
- Construction lost 79,000 jobs in June, and has fallen by 1.3 million during the same period.
- The professional and business services industry lost 118,000 jobs in June and 848,000 since the start of the recession.
- Jobs in motor vehicles and parts fell by 27,000. Since the recession began, employment in this sector has declined by 335,000, or about one-third of the total employment in December 2007.
- Financial activities employment continued to decline (also by 27,000 in June), with a loss of 489,000 jobs during the recession.
- Job losses at automobile dealerships totaled 9,000 in June.
The bright spot in employment continues to be health care, with an increase of 21,000 in June and an average increase of 21,000 per month during 2009.
2 Responses to “Unemployment Rate, seasonally adjusted January 1998 to June 2009”
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July 17th, 2009 at 12:23 pm
The bright spot mentioned in this article is one of the major reasons for mass job losses of late. How can the health care industry continue to add jobs when every other sector is losing jobs? It seems like health care is a complete monopoly. Every company and citizen in America sees large increases every year for health care. We, the American people, fund medical research and see no ROI, just an annual increase in premiums. All three of the major automakers have had to address health care costs for their employees.
I do not believe health care needs to be socialized, but it needs to be regulated. The main reason is that health care does not follow the typical supply and demand market structure. Health care seems to follow the government model with out-of-control expenses that are just “taxed” down to the consumer. There are companies out there that help to reduce health care companies costs. Mr. Perot founded one of these and has been very successful at it. It seems that the health care companies will take cost reductions but do not pass this on to the consumer. I would like to see a chart comparing stock prices, revenues, profit margins of health care vs every other industry in America over the past 10 or 20 years. My guess is that the health care has a pretty constant upward slope vs the rest of industry in a constant sine wave with a slight upward trend.
September 9th, 2009 at 11:58 am
[...] ” daddy ain’t got no job and daddy ain’t got no health care – but go to sleep little girl – cuz I’m a gonna shoot me a social squirrel for dinner…then I’ll have me some new glasses and a nice pair of shoes and ma can make you a dress out of his fine tax payer fur.” http://perotcharts.com/2009/07/unemployment-rate-seasonally-adjusted-january-1998-to-june-2009/ [...]