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Losses Accelerating As Economy Drops 95,000 Jobs Overall; Private Sector Adds 64,000

| October 8, 2010

us unemployment september 2010 graphic report

© FlaglerLive Graphic

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.

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.

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4 Responses for “Losses Accelerating As Economy Drops 95,000 Jobs Overall; Private Sector Adds 64,000”

  1. Bob C says:

    The biggest highlight is the fact that the U-6 unemployment jump .5% to 17.1 %. Looking at the correlation each month to between the U-3 AND U-6 figures, I do not see how u-3 can remain stagnant at 9.6 and u-6 moves .5%

  2. Kevin says:

    All that matters is comrade Obama’s assurances that we are still “heading in the right direction. He sounds so honest and articulate. I, like Chris Matthews, get a thrill up my leg each time I hear his words boldly proclaiming yet another achievement for us, him, and his administration which he has reported is composed of the best of the best.

  3. DLF says:

    How is hope and change working out for America, oh I forgot it has only been a little short of two years, thank God it has not been more.

  4. starfyre says:

    who needs jobs…we have welfare and disability

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