Chapter 11, Question 1.1:

Chapter 11, Question 1.1: Visit www.bls.gov/bdm. What trends to you see and do the numbers support the information from the chapter?

The trends show that job losses and job gains in the service sector represent about 80% of the workforce. What I thought was particularly interesting was how in the second quarter of 2007 that job losses and gains remained equal in the “goods-producing sector” but the job gains was significantly higher in the service sector than job losses. This trend shows that the percentage of service-producing jobs increased in the second quarter of 2007.

Gross Job Gains:

Total Private
History 7,644,000 in 2nd Qtr of 2007

Goods-Producing
History 1,622,000 in 2nd Qtr of 2007

Service-providing
History 6,022,000 in 2nd Qtr of 2007

Gross Job Losses:

Total Private
History 7,403,000 in 2nd Qtr of 2007

Goods-Producing
History 1,691,000 in 2nd Qtr of 2007

Service-Providing
History 5,712,000 in 2nd Qtr of 2007

Number of establishments gaining jobs:

Total Private
History 1,907,000 in 2nd Qtr of 2007

Goods-Producing
History 349,000 in 2nd Qtr of 2007

Service-Providing
History 1,558,000 in 2nd Qtr of 2007

Number of establishments losing jobs:

Total Private
History 1,938,000 in 2nd Qtr of 2007

Goods-Producing
History 383,000 in 2nd Qtr of 2007

Service-Providing
History 1,555,000 in 2nd Qtr of 2007