The Numbers Behind the U.S. Employment Drop

Abstract:
The U.S. economy has shed 600,000 jobs since the beginning of this year, after more than four years of nothing but month-to-month increases in employment. The year-over-year job change (August 2008 versus August 2007) now stands in negative territory (-0.2%) for the first time since late 2003. Where are some of the largest job losses occurring?

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