Sharp fall in US private sector jobs

//www.ufppc.org/content/view/7661/


Informant: jensenmk

From ufpj-news

--------

Deepening Cycle of Job Loss Seen Lasting Into 2009

Peter S. Goodman, The New York Times, writes: "As automakers dropped their latest batch of awful sales numbers on the market on Tuesday, reinforcing the gloom spreading across the economy, the troubles confronting American workers seemed to intensify."

//www.truthout.org/article/deepening-cycle-job-loss-seen-lasting-into-2009

--------

Employment Rate Drops as Economy Sheds 62,000

Dean Baker writes for Truthout: "Private sector job gains in the Bush years may fall below 3 million by November. The employment to population ratio (EPOP) fell to 62.4 percent in June, its lowest level in more than three years, as the economy lost another 62,000 jobs in June. This was the sixth consecutive month in which the economy lost jobs. The private sector lost 91,000 jobs in June. With the April and May numbers revised down by 76,000, the job loss in the private sector over the last three months has been 273,000, an average of 91,000 a month. The private sector has now shed 578,000 jobs since employment peaked in November."

//www.truthout.org/article/employment-rate-drops-economy-sheds-62000



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