Losses Accelerating As Economy Drops 95,000 Jobs Overall; Private Sector Adds 64,000
FlaglerLive | October 8, 2010
Economists expected job losses in the few thousands. The economy lost 95,000 jobs instead, again with the government sector leading the way downward, with a 159,000 federal, state and local jobs lost. Census job losses accounted for 77,000 of the total. Local government employment accounted for 76,000 jobs lost. The private sector gained jobs, as it has for the past nine months, adding 64,000.
- Unemployment Spikes in Flagler Back to Near Record at 16.4%; Florida’s Back Up to 11.7%
- Record 43.6 Million in Poverty; Record 50.7 Million Uninsured; Only Elderly Thrive
- US Unemployment Rate Back Up to 9.6 Percent in August
- July: US Unemployment Rate Stalls at 9.5 Percent
- The Florida Labor Department’s Full July Unemployment Report
- Franklin D. Roosevelt’s Second Bill of Rights: For Workers
- Where and how to file for unemployment
The unemployment rate remained at 9.6 percent in September, with 14.8 million people without jobs. That figure under-counts the real number of unemployed as it does not take into account the 2.5 million people who have stopped looking for work or the 9.5 million under-employed workers–those working part time but looking for full-time work. Over the past two months, the number of under-employed has grown by 943,000 (almost the same number as there are unemployed workers in all of Florida). The number of people who’ve stopped looking for work has grown 300,000 from this point last year.
Some highlights by sector:
- Health care employment rose by 24,000 in September, averaging 21,000 jobs gained every month this year.
- Within professional and business services, employment services added 28,000 jobs, but most of those jobs were in temporary services.
- In tourism, leisure and hospitality, including food services and bars, employment rose by 34,000 for a total of 104,000 jobs gained so far this year.
- Mining employment went up marginally by 6,000, for a total of 77,000 jobs gained this year. Manufacturing has been flat since May, after adding 134,000 jobs in the first five months of the year.
- Construction lost 21,000 jobs, erasing August’s gains.
The average workweek for all employees was unchanged at 34.2 hours in September. The manufacturing workweek decreased by 0.1 hour to 40.1 hours, and factory overtime was unchanged at 3.0 hours. The average workweek for production and nonsupervisory employees on private non-
farm payrolls was unchanged at 33.5 hours.
Average hourly earnings of all employees on private nonfarm payrolls increased by 1 cent to $22.67 in September. Over the past 12 months, average hourly earnings have increased by 1.7 percent. Over the last 12 months, inflation has increased 1.1 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees increased by 1 cent to $19.10.