Layoff Rate at 8.7%, Highest Since 80's

Article Abstract:

The Bureau of Labor Statistics reports that the layoff rate of all adult jobholders has reached 8.7 percent, the second-fastest rate in the U.S. since the Great Depression. The rate of layoffs in the past three years is greater than in the 1990-1991 recession. Although most displaced workers are reemployed fairly soon, they report that they are earning less in their new jobs than in the jobs they lost.

Labor force information, Employment, Americans, Layoffs, Layoff, Displaced workers

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The Labor Picture in June

Article Abstract:

Demographic information from the Bureau of Labor Statistics, showing the number of employed and unemployed for the month of June.

Demographic aspects, Illustration

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Durable Goods and Job Data Are Disappointing

Article Abstract:

Except for an increase in new home sales, the Commerce and Labor Departments report an economic decline for the month of May.

Market information - general, Supply and demand, Durable goods, Residential real estate

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