Private Sector Adds 58,000 Jobs in September
October 17, 2007
According to Macroeconomic Advisors LLC, U.S. private employers added 58,000 new private sector jobs in September. The report showed a decline of 20,000 jobs in the construction sector, bringing the total number to 157,000 since August 2006 in construction. Employment in the financial sector fell by 7,000 jobs in September, the report showed. This is the second consecutive decline in jobs after six years of growth. The construction and financial sectors have taken the biggest hit from the housing market decline and subprime mortgage problems, according to the report.
Reuters.com – Oct. 3, 2007
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