US April Job Loss Breakdown
May 2, 2008 – 10:15 pmHere is a breakdown of where the job losses were as well as which sectors were adding jobs. Worst hit continue to be construction and manufacturing. Education, Health Care and Professional Services added the most jobs.
Total change in non-farm payroll = - 20,000
* Private Sector = -29,000
o Natural Resources & Mining = -3,000
o Construction = -61,000
o Manufacturing = -46,000
o Services = +81,000
+ Wholesale Trade = -10,600
+ Retail Trade = -26,800
+ Transportation = +1,200
+ Utilities = Unch
+ Information & Media = -2,000
+ Financial Svcs & Real Estate = +3,000
+ Professional & Business Svcs = +39,000
+ Education & Health Svcs = +52,000
+ Leisure = +18,000
* Government = +9,000
For reference, in the 2001 recession, monthly losses hit a high of 325,000. The 1990-91 recession peaked at 306,000 losses. Job loss numbers peak toward the end of a recession and are therefore a lagging indicator.