Friday, October 03, 2008

The American Economy Lost 159,000 Jobs in September

Employment dropped by 159,000 Jobs in September. The unemployment rate is still at a recession level 6.1%.

Among the good news, the Bureau of Labor Statistics reported Wichita's unemployment rate was a percent and a half lower than the national average in August. There was evidence in the national report to that that should continue. Employment in aerospace manufacturing was up.