April 2009 Jobs Report and Wages

Here are the job market and compensation numbers for April 2009 (based on the job report):

Net
loss of 539,000 jobs in the month (revised to a final loss of 582,000)

  • Analysts expected a loss of 600,000
  • Sixteen straight months of job losses
    • 5.7 million jobs lost since December, 2007
    • 13.7 persons unemployed

  • February was revised to loss of 681,000 jobs (revised to a final loss of 726,000)
  • March was revised to a loss of 699,000 jobs (revised to a final loss of 753,000)
  • Long term unemployed increased 3.7 million persons (people out of work longer than 27 weeks)

Unemployment rate rose to 8.9%

  • Analysts predicted a rise to 8.9%
  • Over the last 12 months the rate has risen 3.9%

Specific Segment Job numbers:

  • Manufacturing lost 149,000 jobs
  • Construction lost 110,000 jobs
  • Retailers lost 47,000
  • Temporary Work lost 62,500 jobs
  • Leisure and Hospitality Services lost 44,000 jobs
  • Government sector gained 72,000
  • Health care grew by 17,000 jobs
    • Averaged 17,000 jobs through 2009

Wage:

  • The average weekly paycheck is $614.53
    • An increase of $0.33

  • The average hourly work week was unchanged at 33.2

Bureau of Labor Statistics

Job Report Stats Summary


About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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