Job Losses: By The Numbers

Jan. 11, 2009
Employment takes a hit in 2008.

Figures from the Bureau of Labor Statistics and the Manufacturing Performance Institute/MAPI show that the end of 2008 was one of the worst periods in recent history for job losses.

U.S. unemployment rate as of November 2008

573,000 Unemployment claims filed for the week of Dec. 6, 2008 (a 26-year high)

7.8%* Annual rate at which manufacturing production declined during third-quarter 2008

4.2%* Rate at which manufacturing production is expected to decline in 2009

Source: Bureau of Labor Statistics.
* Manufacturing Alliance/MAPI

See Also

Popular Sponsored Recommendations

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Beat the odds. Optimize product costs. Mitigate supply chain issues.

Sept. 12, 2023
Leverage fact-based supplier negotiations. Enhance design. Get to market faster. Our comprehensive Should Cost Analysis guide shows you how.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!