03 September 2010 14:35 [Source: ICIS news]
WASHINGTON (ICIS)--The chemicals sector saw a narrow increase in job losses in August as the overall ?xml:namespace>
However, the plastics and rubber industry added some 1,600 workers during the month (seasonally adjusted), a gain in that sector of 1.6%.
Employment in chemicals manufacturing fell by only 100 positions, according to the department’s data, a razor-thin decline of 0.1%.
The department said that 778,800 workers were employed in the
Private sector employers added 67,000 workers during the month, but that gain was more than offset by a cut of 114,000 government jobs in August as work on the nearly completed 2010 census wound down.
August’s gain of 67,000 jobs in the private sector was a plus, but it was lower than the 71,000 jobs added in July and was not sufficient to lower the overall jobless rate.
Until the economy can begin to generate job growth well in excess of 100,000 monthly, the national unemployment picture is not expected to improve.
With the net loss of 54,000 jobs in August, the national unemployment rate increased from July’s 9.5% to 9.6% and marks the first rise in the jobless rate since April.
The jobless rate had eased further to 9.5% for June and July before inching up to 9.6% for August, according to the department’s records.
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