http://moneycentral.msn.com/content/P62365.asp
Quote:
In September, 138 million of us were employed, and 9 million -- or about 6.5% -- were officially unemployed. That unemployed number doesn’t include the 5 million people in the United States who work at part time jobs and say they’d like full time jobs if they could find them.
In September, 57,000 more people received paychecks than the month before. The biggest job loss that month came in manufacturing, where 29,000 people lost their spots on the payroll. Yep, the manufacturing sector continued to lose jobs even as the economy as a whole added jobs.
And the biggest gains in jobs came in business and professional services (66,000 workers added to payrolls in this kind of work), health care and social assistance (15,000), and retail (15,000).
Manufacturing jobs in the United States pay an average of $650 a week or about $34,000 a year, according to outplacement firm Challenger, Gray & Christmas. Retail jobs, in contrast, pay an average of $373 a week, or about $19,000 a year. Even as the recovery starts to pick up speed, the U.S. economy is shedding $34,000-a-year jobs and replacing them with $19,000-a-year jobs.
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In a way, we're all right, I guess.
Jobs are up, but they're not nearly as decent as they were before.
In the article it says that Sony is going to reduce the number of parts in it's products from 840,000 to 100,000, and the number of supplies from 4,700 to 1,000. This means 3,700 companies are losing, what I will assume to be, a BIG chunk of income.