News

Stats Speaking

Over 2.5 million people lost their jobs last year, with over half a million jobs lost in December alone. It was the second-worst job loss rating since 1945, and the trend continues this year. Last Monday marked 65,400 jobs lost, especially in the service and manufacturing sectors. While some analysts believe the recession will end after the second quarter of this year, the economy has yet to bounce back. Here are some statistics about the declining job market:

Number of jobs to be cut by Sprint Nextel Corp. by Mar. 31: 8000

Percentage of Home Depot total workforce that has been lost: 2

Number of positions lost last Wednesday: 27,000

Professional and business service jobs lost: 113,000

Number of lost financial service jobs: 14,000

Sources: [SLANT12]www.cnn.com[SLANT12], [SLANT12]www.post-gazette.com[SLANT12]