Archive: March, 2009
Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employ- ment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.
The chart below represents the year/year change in total employment.