Word: nonfarming
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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...
...Output per hour worked reflects data from the Bureau of Labor Statistics for the private nonfarm business sector...
...payments" or "base acreage," and you probably don't care. This was once an agrarian nation, but now there's a less than 1% chance that you're a farmer, and if you are, you're probably part time; the average farm family gets 82% of its income from nonfarm sources. We're not a people of the soil anymore, and for most of us, our eyes glaze over when we see farm statistics like the ones in that last sentence...
...Number of nonfarm jobs...
However, private and collective enterprises, though they are growing rapidly, are still a relatively minor force. At last count, 10.6 million registered private businesses with sales of $8 billion employed 15 million workers, or 4.5% of China's nonfarm work force. Roughly 1.7 million collectives employ an additional 100 million workers; in several provinces they have become the dominant form of business. Nationwide, though, more than 85,000 state-owned enterprises account for a heavy majority of jobs and four-fifths of China's industrial output. Until very recently they operated under a system that Mao had copied from Stalin...