June employment bounced back from losses in May, adding 268,000 jobs. Despite the rosier overall picture, manufacturing and mines continued to cut their payrolls. Manufacturing has lost nearly half a million jobs since employment peaked in March 1998. Mining has lost more than 10% of its jobs (65,000) in the last year.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-07, pp. 11, 07.01.1999.