Department of Labor releases December employment numbers

Author:
Updated:
Original:

The unemployment rate rose from 6.8 to 7.2 percent last month, the U.S. Department of Labor reported today.

Payroll employment fell by 524,000 during the month and by 1.9 million in the last four months of 2008. In December, job losses were large and widespread across most major industry sectors, according to the government.

Since the start of the recession in December 2007, the number of unemployed has grown by 3.6 million and the unemployment rate has risen by 2.3 percentage points.

Click here to see the full report from the Department of Labor.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.