U.S. Employment by Sector PDF Print E-mail
Written by Kenneth D'Amica   
Monday, 28 July 2008 02:13
Civilian non-agricultural employment in the U.S. fell in five of the last seven months. Job losses, however, have not been uniform across sectors of the economy. 

Manufacturing employment has been trending downward since the beginning of 2001, though the pace of losses has slackened. Between January 2001 and January 2004, more than 2.8 million manufacturing jobs were lost. From January 2004 to the present, only 725,000 were lost.

Manufacturing employment has been trending downward since the beginning of 2001. After 2003, employment in all major sectors aside from manufacturing trended upwards. However, in the last seven months, there have been modest losses in trade and transportation, construction, and, to a lesser extent, financial activities. These sectors tend to be the most cyclically responsive (meaning simply that they fall during times of economic recession).  In addition, construction and financial activities are likely the sectors most directly affected by the current turmoil in the housing industry. A total of 600,000 jobs have been lost in these areas since the end of 2006.

Government, education, health care, and leisure, on the other hand, have continued to gain jobs. It should be noted that public education and hospitals are counted as government. 

 

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Comments (1)
U.S. Employment
1 Saturday, 17 January 2009 05:24
Rocco N
Economic recession has brought us lot of negative effect, unemployment is just one of these. Although the economy is currently in crisis, fighting crime is still a lucrative trade evidently, because the FBI is going on the biggest hiring binge since October 2001. The FBI is hiring almost 3,000 new employees, including 850 positions available for special agents, all of which won’t be needing payday loans for a very long time. However, regardless of how many positions are open, the FBI is one of the most exclusive employers. They are absolutely selective when it comes to hiring employees. Even the most basic of positions require a credit check, four year degree, extensive experience, top secret clearance and an unimpeachable background. They are looking for the best, and only the best need apply. Check out this article if you want to learn more about payday loans, or to read more about what it takes to become an FBI Agent.

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