Adam Horak's Blog – July 2009 Archive (2)

THE EMPLOYMENT SITUATION: JUNE 2009



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 today.

Job losses were widespread across the major industry sectors, with

large declines occurring in manufacturing, professional and business

services, and construction.



Unemployment (Household Survey… Continue

Nonfarm private employment decreased 473,000 from May to June 2009 on a seasonally

adjusted basis, according to the ADP National Employment Report®. The estimated change of

employment from April to May was revised by 47,000, from a decline of 532,000 to a decline of

485,000.

Monthly employment losses in April, May, and June averaged 492,000. This is a notable

improvement over the first three months of the year, when monthly losses averaged 691,000.

Nevertheless,… Continue