On the basis of a report by the US Labor Department, the unemployment rate in US rose to 7.2 percent in December, the highest level in 15 years(the highest since January 1993).
Means for every 100 people in their productive years 7 are unemployed.
No. of non-farm jobs slashed in December 2008:_______524,000
No. of jobs cut in the last four months of 2008:_____1.9 million or 19 Lakh
Total no. jobs cut in 2008:__________________2.6 million or 26 Lakh
Nearly all major industry sectors saw job slashes.
Sector-wise job cuts since:
(From the start of recession in December 2007)
Manufacturing: ____________________________791,000
(For December 2008)
Fabricated metals: ___________________________28,000
Motor vehicles:_______________________________21,000
Construction: ________________________________101,000
Services: ____________________________________81,000
Retail: ______________________________________67,000
Wholesale: ___________________________________30,000
Health Care is the only major private sector which added jobs:
No. of jobs added in December 2008:______________32,000
No. of jobs added in 2008:_______________________372,000
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Means for every 100 people in their productive years 7 are unemployed.
No. of non-farm jobs slashed in December 2008:_______524,000
No. of jobs cut in the last four months of 2008:_____1.9 million or 19 Lakh
Total no. jobs cut in 2008:__________________2.6 million or 26 Lakh
Nearly all major industry sectors saw job slashes.
Sector-wise job cuts since:
(From the start of recession in December 2007)
Manufacturing: ____________________________791,000
(For December 2008)
Fabricated metals: ___________________________28,000
Motor vehicles:_______________________________21,000
Construction: ________________________________101,000
Services: ____________________________________81,000
Retail: ______________________________________67,000
Wholesale: ___________________________________30,000
Health Care is the only major private sector which added jobs:
No. of jobs added in December 2008:______________32,000
No. of jobs added in 2008:_______________________372,000