Further Proof of an Unhealthy Economy

Un`em*ploy"ment\, noun "the rate of unemployment is an indicator of the health of an economy" according to Reference.com.

According to a September 5th report from U.S. Bureau of Labor Statistics, the unemployment rate rose from 5.7% to 6.1% in August. Of the 2.2 Million job drop in the last 12 months, nearly 27% of those jobs were lost just last month in August.

Employment losses have been felt in: manufacturing and employment services, professional and business services and employment services, wholesale and retail trade, and construction. The only segments of the economy boasting job gains: health care and mining.

Health care employment steadily grows, adding 367,000 jobs in the last year, nearly 10% in August alone.

Job growth in mining, with gains in all component industries, has been especially strong over the last 12 months, in support activities (39,000) and in oil and gas extraction (17,000).

Interesting stats, especially in a volatile election season.