What industries in the U.S. have experienced the greatest job losses and job gains since 2008?
The economy is down 6.3 million jobs since 2008 with the greatest job losses coming in construction and manufacturing. No surprise there.
While President Obama talks about an economic recovery he says is taking place, albeit slower than he is comfortable with, the numbers on the jobs front seem to tell a different story.
The story being told is one of an economic malaise that has left the economy around 12 million jobs light assuming that instead of losing 6.3 million jobs over the past three years close to 2 million per year should have actually been created!
| Jobs Gained or Lost Since Dec 31, 2007 | ||||
|---|---|---|---|---|
| Industry | 2008 | 2009 | 2010 | 2011 |
| Health Care | 461,860 | 792,679 | 1,023,907 | 1,278,794 |
| Finance & Insurance | 323,802 | 629,082 | 490,384 | 444,530 |
| Mining & Oil | 195,813 | 345,116 | 337,917 | 422,752 |
| Educational Services | 121,337 | 195,899 | 236,766 | 295,498 |
| Government | 358,591 | 451,680 | 398,853 | 90,393 |
| Arts & Entertainment | 92,418 | 108,263 | 77,181 | 65,855 |
| Management | 60,985 | 25,371 | 16,323 | 26,615 |
| Utilities | 13,019 | 20,773 | 13,771 | 11,275 |
| Professional | 203,493 | -107,607 | -164,853 | -39,124 |
| Agriculture & Forestry | -18,909 | -26,033 | -33,643 | -71,928 |
| Other Services | -30,456 | -221,109 | -246,875 | -82,177 |
| Food & Lodging | 71,681 | -242,538 | -273,658 | -145,099 |
| Information | -30,863 | -203,185 | -299,866 | -331,269 |
| Real Estate | -76,068 | -232,452 | -335,391 | -359,874 |
| Transportation | -107,538 | -501,697 | -559,415 | -486,346 |
| Admin & Support | -389,951 | -1,226,173 | -1,097,484 | -774,404 |
| Retail & Wholesale | -428,934 | -1,759,253 | -1,977,146 | -1,854,109 |
| Manufacturing | -478,023 | -2,072,959 | -2,415,322 | -2,290,390 |
| Construction | -612,184 | -1,955,402 | -2,468,184 | -2,519,538 |
| Totals | -269,927 | -5,979,545 | -7,276,735 | -6,318,546 |
| Jobs Gained or Lost vs. Year Ago | ||||
|---|---|---|---|---|
| Industry | 2008 | 2009 | 2010 | 2011 |
| Totals | -269,927 | -5,709,618 | -1,297,190 | 958,189 |
| Admin & Support | -389,951 | -836,222 | 128,689 | 323,080 |
| Health Care | 461,860 | 330,819 | 231,228 | 254,887 |
| Other Services | -30,456 | -190,653 | -25,766 | 164,698 |
| Food & Lodging | 71,681 | -314,219 | -31,120 | 128,559 |
| Professional | 203,493 | -311,100 | -57,246 | 125,729 |
| Manufacturing | -478,023 | -1,594,936 | -342,363 | 124,932 |
| Retail & Wholesale | -428,934 | -1,330,319 | -217,893 | 123,037 |
| Mining & Oil | 195,813 | 149,303 | -7,199 | 84,835 |
| Transportation | -107,538 | -394,159 | -57,718 | 73,069 |
| Educational Services | 121,337 | 74,562 | 40,867 | 58,732 |
| Management | 60,985 | -35,614 | -9,048 | 10,292 |
| Utilities | 13,019 | 7,754 | -7,002 | -2,496 |
| Arts & Entertainment | 92,418 | 15,845 | -31,082 | -11,326 |
| Real Estate | -76,068 | -156,384 | -102,939 | -24,483 |
| Information | -30,863 | -172,322 | -96,681 | -31,403 |
| Agriculture & Forestry | -18,909 | -7,124 | -7,610 | -38,285 |
| Finance & Insurance | 323,802 | 305,280 | -138,698 | -45,854 |
| Construction | -612,184 | -1,343,218 | -512,782 | -51,354 |
| Government | 358,591 | 93,089 | -52,827 | -308,460 |
Charts courtesy of Global Economic Trend Analysis
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