Payrolls in November 2008
December 08, 2008
Total nonfarm payroll employment fell by 533,000 in November, bringing losses to 1.9 million since the start of the recession in December 2007. Two-thirds of these losses occurred in the last 3 months.
In November, employment declined in nearly all major industries, although health care continued to add jobs.
Employment continued to decline in manufacturing, with widespread job losses occurring among the component industries. Manufacturing employment has declined by 604,000 since December.
Employment in construction fell by 82,000 in November, with losses occurring throughout the industry. Since peaking in September 2006, construction employment has decreased by 780,000.
Within professional and business services, the employment services industry lost 101,000 jobs over the month, bringing total job losses since December to 495,000.
Employment in retail trade fell by 91,000 in November. Job losses continued in automobile dealerships (-24,000).
Employment in leisure and hospitality declined by 76,000 in November, with most of the decline occurring in accommodation and food services. Since peaking in April 2008, accommodation and food services has lost 150,000 jobs.
In November, employment in financial activities continued to decline (-32,000). Job losses in financial activities have accelerated over the last 3 months, bringing the total decline since December to 142,000.
Health care employment grew by 34,000 in November. Over the past 12 months, health care has added 369,000 jobs.
These data are from the BLS Current Employment Statistics program, and are seasonally adjusted. Data for the most recent two months are preliminary. More information can be found in "The Employment Situation: November 2008," (PDF) (HTML) news release USDL 08-1774.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Payrolls in November 2008 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk2/art01.htm (visited August 31, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.