National Job Losses Drop For November 2009

The latest information on the national situation regarding job losses for November:

U.S. job losses dropped in November to the lowest monthly figure since the recession began.

Nonfarm payroll employment saw a decline of 11,000 jobs in November, according to a report Friday by the U.S. Bureau of Labor Statistics. Monthly losses had averaged 135,000 in the last three months.

The national unemployment rate also dropped from 10.2 percent to 10 percent. About 15.4 million people remain unemployed. When the recession started in December 2007, 7.5 million were unemployed at a rate of 4.9 percent.

Employment fell in the construction, manufacturing and information industries in November, though opportunities in professional and business services increased by 86,000, the report said.

Temporary help services accounted for 52,000 of these jobs, rising by 117,000 since July.

Health care also saw an increase with 21,000 more jobs in November. Health care services and hospitals each saw an increase of 7,000 jobs.

Overall, the health care industry has added 613,000 jobs since December 2007.

A BLS report released Wednesday showed that metro Jacksonville lost 3.79 percent of its job base during the past year. It lost 23,300 jobs between October 2008 and October 2009.

Metro Jacksonville’s unemployment rate in October was 10.7 percent, down from 10.8 percent in September. The Florida Agency for Workforce Innovation will release the November unemployment rate for the metro area Dec. 18.

Sources: Article by BizJournals (http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20091204&id=10838654)

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