8.9 percent in April
By Patrice Hill Friday, May 8, 2009

The collapse of the job market continued in April, with unemployment surging nearly a half percentage point to 8.9 percent as businesses laid off another 539,000 workers, the Labor Department reported Friday morning.

It was the highest unemployment since the deep recession in September 1983. The loss of jobs would have been even worse at 611,000 in April if the federal government had not hired 66,000 workers temporarily to start conducting the 2010 Census. April's job hemorrhaging brings the total job loss during the recession to 5.7 million. April's giant job loss represented only a slight tailing off of a string of enormous, unprecedented job losses of over 600,000 since November, and follows a revised total of national layoffs of nearly 700,000 in March that was the largest in modern history.

"Before this recession runs its course, it will have been the longest and deepest downturn since the Great Depression," said Larry Mishel, analyst with the Employment Policy Institute, a labor think-tank. He noted that the rate of job losses and the fast rise in unemployment since the recession began in December is already outpacing anything seen in modern times.


The recession is taking a toll even on people who are working, with major cuts in hours and the workweek that are slashing take-home pay, he said.

The downsizing of jobs occurred in nearly every sector of the economy in April, led by 270,000 layoffs in manufacturing and construction and 122,000 losses of professional and business jobs. Those represent the backbone of the U.S. job market.

Retailers let go another 47,000 workers and the leisure and travel industry bled another 44,000 jobs as Americans skipped vacations out of worries about their jobs and the need to save money.

The workweek was unchanged at 33.2 hours, and wages stayed flat, yielding a gain of only 3.2 percent in the last year.

Markets were likely to approve of the slight decline in jobs lost during April compared with previous months.

"The decline in employment has moderated, though not so clearly in the private sector," said Pierre Ellis, senior economist at Decision Economics. "A lot of the improvement is due to public government employment. But still, it's a sign that the economy is approaching bottom and the indications for May look much more favorable."

Views: 38

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

Terror on All Hallows Eve Pt. 2 The Aftermath

Elizabeth had just gotten home from Junior High when the doorbell rang. She’d barely put her books…See More
9 hours ago
Doc Vega commented on Doc Vega's blog post Grooming the New Generation of Assassins
"cheeki kea, I fear that we are headed further down the road of inhumanity institutionalized by the…"
23 hours ago
omegamann is now a member of 12160 Social Network
yesterday
Doc Vega commented on Doc Vega's blog post Three Must See Movies for Halloween
"cheeki kea Thanks. I watched most of the movie but I'd forgotten until a few minutes into it…"
yesterday
cheeki kea commented on Doc Vega's blog post Three Must See Movies for Halloween
"That's a fine movie menu you've got Doc V. I love the old days theme. Great to view when…"
yesterday
Doc Vega posted a blog post

Three Must See Movies for Halloween

Grab Your Popcorn and Settle In!  If you really want to get in the mood for Halloween and you like…See More
Tuesday
Bob of the Family Renner posted photos
Tuesday
Doc Vega posted a blog post

Terror on All Hallows Eve

Chapter IElizabeth was angry. All of her friends were going to be out on Halloween, but her. She…See More
Monday
Jeff favorited Jeff's profile
Monday
Jeff favorited Jeff's profile
Monday
Jeff favorited Doc Vega's profile
Monday
Jeff is now a member of 12160 Social Network
Sunday
Doc Vega posted blog posts
Oct 24
tjdavis posted a video

How Corporations Are Secretly Poisoning Our Food Supply

Dupont and 3M have been secretly poisoning America for decades. PFAs — also known as forever chemicals—are now in our food, water, clothes, and our blood. Th...
Oct 24
Doc Vega posted a blog post

They Won’t Stop

 The demonically driven left will not stop. Makes no difference how much violence they call for or…See More
Oct 22
Doc Vega posted a blog post

What US Scientist unwittingly helped the Nazis devise the V-2 Missile?

  In the early 1920’s and leading up to World War II German technology outpaces the peace time…See More
Oct 20
tjdavis favorited Sandy's video
Oct 19
tjdavis posted a photo
Oct 19
Christopher Walker is now a member of 12160 Social Network
Oct 19
tjdavis posted videos
Oct 19

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted