Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|October 3, 2008|
Jobs keep being cut in battered U.S. economy, with 159,000 lost in September — the biggest drop in five years.
The Department of Labor reported that there was a net loss of 159,000 jobs in September — larger than experts expected — marking the ninth straight month of job losses and bringing the year-to-date total to more than three-quarters of a million (760,000) lost jobs. Not counting the big increase in government jobs over the last nine months, the private sector has lost about one million jobs.
September’s job cuts were the largest monthly job loss total since March 2003, when payrolls were shredded by 212,000.
Just about every sector of the economy experienced job losses, including:
- Manufacturing cut 51,000 jobs
- Construction cut 35,000 jobs
- Retailers cut 40,000 jobs
- Leisure and hospitality industries cut 17,000 jobs
- Professional and business services cut 27,000 jobs
Only government — which added 9,000 jobs — and education and health services — which added 25,000 jobs — saw any job creation.
We definitely need a change in the White House to turn this economy around and put us back on a healthier footing so that unemployed/displaced workers can find new jobs and job-seekers can feel more confident in their abilities to find a new job — and so that we can all feel more confident in paying our bills. We need new manufacturing jobs — green jobs and more — as well as simply a healthier economy.
If you are currently struggling to keep your job or find a job, remember to stayed focused and as upbeat as possible — and really use your network of contacts to track down job leads.
In a side note, the QuintCareers team is leaving Washington after a success stay here and heading back east. Here’s a picture of our QuintCareers.com sign at our newest site, EmpoweringRetreat.com.
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