Unemployment Rate Hits 6.1% - 84,000 jobs lost in August
Original post made by Left of Boom, Another Palo Alto neighborhood, on Sep 7, 2008
Manufacturing lost 61,000 jobs, while construction employment fell by 8,000. But the job losses were widespread and went beyond those two troubled sectors.
Retailers trimmed 20,000 jobs despite the back-to-school shopping season, which for many stores is typically second in sales only to the holiday period. Business and professional services - a broad category that includes industries such as accountants, consultants and legal services - lost 53,000 workers. Leisure and hospitality cut 4,000 jobs.
The few sectors showing gains were government as well as education and health services, which gained 72,000 between them to temper the losses elsewhere.