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Information

The number of unemployed persons increased by 851,000 to 12.5 million in February, and the unemployment rate rose to 8.1 percent. Over the past 12 months, the number of unemployed persons has increased by about 5.0 million, and the unemployment rate has risen by 3.3 percentage points.

Employment in professional and business services fell by 180,000 in February. The temporary help industry lost 78,000 jobs over the month. Since December 2007, temporary help employment has declined by 686,000, or 27 percent. In February, job declines also occurred in services to buildings and dwellings (-17,000), architectural and engineering ser- vices (-16,000), and business support services (-12,000). Widespread job losses continued in manufacturing in February (-168,000). The majority of the decline occurred in durable goods industries (-132,000), with the largest decreases in fabricated metal products (-28,000) and ma- chinery (-25,000). Employment in nondurable goods manufacturing declined by 36,000 over the month. The construction industry lost 104,000 jobs in February. Employment in the industry has fallen by 1.1 million since peaking in January 2007. Two-fifths of that decline occurred over the last 4 months. Employment fell sharply in both the residential and nonresidential components of the industry in February. Employment in truck transportation declined by 33,000 in February; the industry has lost 138,000 jobs since the start of the recession in December 2007. Nearly two-thirds of the decline (-88,000) occurred over the last 4 months. The information industry continued to lose jobs (-15,000). Over the last 4 months, employment in the industry has decreased by 76,000, with about two-fifths of the decline occur- ring in publishing.