Dow Jones - This month's decrease in employment was broad-based across industrial sectors and suggests continued weakness in employment. Job losses were led by the goods-producing sector, which saw employment decline by 76,000 last month, while employment in the services sector slipped 3,000, the first decline since November 2002. Construction employment dropped 34,000 in June, posting its 19th consecutive monthly decline. The sector has lost 349,000 jobs, since its peak in August 2006.
Join the Discussion