U.S. Sees First Net Private Employment Loss in Seven Years
(Bloomberg) -- Unemployment is at a 17-year low -- for now.
The economy suffered a net loss of 140,000 private sector jobs in the third quarter -- the first such loss since early 2010, according to Labor Department data issued today, with Florida suffering the largest contraction.
The smallest of firms -- with up to 49 employees -- were hardest hit.
Nationally, the unemployment rate has held steady at 4.1 percent since October.
|Gross job gains||7,689||7,455||7,328||7,604||7,256|
|At expanding establishments||6,232||6,040||6,019||6,246||5,935|
|At opening establishments||1,457||1,415||1,309||1,358||1,321|
|Gross job losses||7,008||7,065||6,674||7,128||7,396|
|At contracting establishments||5,760||5,760||5,521||5,879||6,082|
|At closing establishments||1,248||1,305||1,153||1,249||1,314|
|Net employment change||681||390||654||476||-140|
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