Nonfarm payroll employment posted a net loss of 114,000 jobs in June, a dramatic reversal of May’s (revised) net gain of 8,000 jobs. June’s preliminary figure shows the second considerable loss in the last three months. Average payroll employment showed a net loss of 103,000 jobs from 2001:IQ to 2001:IIQ.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-07, pp. 12, 07.01.2001.