80,000 U.S. Jobs Lost in June

(Image credit: www.barrysternberg.com)


According to this Business Journal report:

A new payroll report shows that nearly 80,000 private-sector jobs were lost across the country in June.

The National Employment Report from Automatic Data Processing showed a loss of 76,000 jobs among goods-producing businesses, the 19th consecutive monthly decline. That number included 44,000 manufacturing positions. The report also showed a decline of 3,000 jobs in the services sector.

Economists polled by Briefing.com had expected jobs to decline by 20,000 in June.

That’s a lot of people.

Most jobs were lost in the manufacturing sector. If the whole sector is in the gutter, and nobody’s interesting in additional services due to the recession, where are these people going to go? I’m going to follow news developments to test out a couple of hypotheses:

–When a blue-collar labor force gets hit hard like that, they migrate to where jobs are. Like Australia.
–America, after the election, is going to wise up and rebuild its infrastructure, giving laid-off employees a new place to work.
–Crime will rise.

What do you think? Any other outcomes? 80,000 lay-offs in a month is a lot.

  • Ryan

    I’m already seeing evidence of crime rising in my community.

  • and more babies…

  • Bryan

    Lets go crime! Lets go crime!

    I’m going to the bookie and putting 50 on crime.

  • netizen19341

    Yes, it is important to understand that “official” U.S. unemployment figures only take into consideration those currently receiving unemployment benefits. And that those folks whose benefits have stopped before they’ve found new work basically then “dispapear” from the publically reported numbers. This time around, the real thing to realize is that folks who recieved their first 26 weeks of unemployment benefits, then their 1st emergency unemployment benefits extension of additional 13 weeks, then their 2nd emergency unemployment benefits of another 7 weeks may soon go into the statistical oblivion if they don’t get a new job before the end of benefits. Meaning that the folks looking the longest and hardest may really fall “off the radar”, and therefore the U.S. unemployment numbers are actually more onerous than are being reported officially.