June was the cruelest month for America's blue-collar workers. On Wednesday, payroll processor ADP reported a 79,000 decline in private sector jobs--with 76,000 jobs lossed in the goods-producing sector alone--during the month of June.
The government sector added 20,000 jobs and small businesses added 7,000 jobs but losses included:
- Manufacturing – 44,000
- Construction – 34,000
- Finance – 19,277
- Service-Related Jobs – 3,000
- Job cuts in the retail, industrial goods and consumer product manufacturing sectors have remained fairly level
According to employment consulting firm Challenger, Gray & Christmas reported that American companies were planning to layoff 81,755 employees in June.
Medium-sized companies lost 35,000 jobs and large firms eliminated 76,000 employees.
No comments:
Post a Comment