06 July 2012 17:05 [Source: ICIS news]
WASHINGTON (ICIS)--The ?xml:namespace>
In its monthly employment report, the department said the chemicals sector added 900 employees in June to bring the sector’s total workforce back up to 797,900.
The chemicals industry had seen a modest employment downturn in May with the loss of about 600 positions.
In the plastics and rubber products industry, 1,100 workers were taken on in June, bringing that sector’s labour complement to 644,900.
That workforce gain more than offset the 900 job losses seen in the plastics and rubber sector in May.
In the broad employment report, June’s addition of 80,000 jobs was below economists’ modest expectations for a gain of 90,000.
Although better than May’s mediocre 69,000 jobs increase, June’s figure is still far below the 150,000 new jobs needed each month just to accommodate population growth.
The department said the nation’s unemployment rate held steady at 8.2% in June.
The country would have to generate 350,000 jobs each month for multiple quarters to make any headway in reducing the unemployment rate.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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