Nov 7, 2008 2:56 pm US/Eastern
Unemployment - A Look At The Numbers
BOSTON (WBZ) ―
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People in line, silhouetted, over help Wanted ads
AP
The nation's unemployment rate hit a
14-year high Friday.
Boston-based Fidelity and the Boston Globe announced layoffs this week.
More companies are expected to follow with job cuts of their own.
So how bad is it in Massachusetts? Unemployment numbers for October won't be out for two more weeks, but last month's figures were below the national average.
The unemployment rate in Massachusetts was 5.3 percent in September, below the national average of 6.1 for the month.
On Friday, that national average jumped to 6.5 percent for October.
Compare the state's unemployment rate with the nation for 2008 What jobs are being affected? The construction, manufacturing, education, and financial sectors lost jobs in Massachusetts, according to
the latest data from the state.
So far this year, 1.2 million jobs have disappeared nationwide. Over half of the decrease occurred in the past three months alone.
Here are some of the latest numbers nationally released Friday:
- Factories cut 90,000 jobs (the most since July 2003)
- Construction companies got rid of 49,000 jobs
- Retailers cut payrolls by 38,000
- Professional and business services reduced employment by 45,000
- Financial activities cut 24,000 jobs
- Leisure and hospitality axed 16,000 positions
Help for the unemployed:
The state's
web site has several resources if you've lost your job.
Here are some other sites:
Monster.com Finding A Job With Yahoo HotJobs CareerBuilder.com Changing Your Career 10-Step Plan To A Career Change 10 Career Changing Mistakes To Avoid
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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