Word: nonfarm
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Dates: during 2000-2009
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...Friday's jobless number from the Labor Department will quickly become a political football. The Labor Department reported that the widely watched unemployment rate rose to 10.2%, the highest rate since April 1983, as nonfarm payrolls declined by 191,000 in October, down from a revised loss of 219,000 jobs in September. (See photos of Cleveland's struggles...
...some of the most basic tenets of national policy. And just as the shock of Sept. 11 prompted long-overdue (and still not cemented) reforms in intelligence and defense, the jobs crisis will force us to examine a climate that has been deteriorating for years. The total number of nonfarm jobs in the U.S. economy is about the same now - roughly 131 million - as it was in 1999. And the Federal Reserve is predicting moderate growth at best. That means more than a decade without real employment expansion...
Another month, another 600,000-plus jobs gone. That was the big message from the March employment report released Friday by the Bureau of Labor Statistics, which saw nonfarm employment drop by 663,000 and the unemployment rate rise...
...January's job losses (originally reported as 598,000) to 741,000, the biggest one-month decline in absolute terms since 1949. Job losses from this recession are now markedly worse than those during the previous two downturns that had competed for the title "worst since the Depression." Nonfarm employment has dropped by 5.1 million, or 3.7%, since its peak in December 2007. In the 1981-82 recession, employment fell 3.1%, and in 1974-75 it fell 2.8%. (Here's the comparison in chart form...
...case you're wondering, during the Great Depression, nonfarm employment fell 33.9%, so we're not even remotely close to that territory...