Tuesday, June 7, 2011

Chart of the week: the tyranny of the negative slope in jobs

From the Washington Post, a breakout of job losses and gains for the Great Recession, graphically represented below:

Note: BLS manufacturing statistics for the chemicals subsector does include the pharma manufacturing as well. 

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11 comments:

  1. See Arr OhJune 7, 2011 at 11:51 AM

    Am I reading this correctly? Thin grey line indicates a subsector?

    So, there's a subsector of chemical employment out there that's lost nearly 40% of its employees in 4 years?

    Is that the Pharma line? :(

    ReplyDelete
  2. ChemjobberJune 7, 2011 at 11:57 AM

    Dotted one is chemicals subsector.

    In non-durable goods manufacturing, the thin grey line that has taken the biggest beating (the one on the bottom) is textile mills. 180k to 122k. China, all China, there.

    ReplyDelete
  3. AnonymousJune 7, 2011 at 12:31 PM

    CJ - I don't agree that textile mills have taken the biggest beating. So they lost 58k jobs. Chemicals and plastics lost 226k with chemicals still dropping. But really to me it looks that it is printing, 163k jobs lost and still in steep decline, that is heading for the crapper.

    ReplyDelete
  4. bad wolfJune 7, 2011 at 1:50 PM

    They've got to start putting that last one in ironic quotes.

    1)Before Recession
    2)Recession
    3)"Recovery"

    ReplyDelete
  5. You're PfizeredJune 7, 2011 at 2:29 PM

    With all the fantastic news lately, should change the name of this site to ChemSobber....

    ReplyDelete
  6. ChemjobberJune 7, 2011 at 2:37 PM

    CS just doesn't have the same ring.

    ReplyDelete
  7. See Arr OhJune 7, 2011 at 3:00 PM

    Sure it does! There's jobs in CS.
    (Get it?)

    ReplyDelete
  8. AnonymousJune 7, 2011 at 4:54 PM

    It must totally suck to work at Pfizer.

    http://www.bloomberg.com/news/2011-06-07/pfizer-may-seek-1-billion-in-yearly-cost-cuts-wsj-says.html?cmpid=yhoo

    ReplyDelete
  9. AnonymousJune 8, 2011 at 7:58 AM

    "It must totally suck to work at Pfizer."

    Question is, where does it not suck to work? Who is not cutting?

    ReplyDelete
  10. Unstable IsotopeJune 8, 2011 at 9:17 AM

    From where I sit it looks like bio is the hot field.

    ReplyDelete
  11. AnonymousJune 13, 2011 at 6:46 PM

    U.S. Unemployment may stay at 8-9% for a very long time according to this study:

    http://www.politiquessociales.net/IMG/pdf/US-EU-UR-2009-05.pdf

    ReplyDelete

looks like Blogger doesn't work with anonymous comments from Chrome browsers at the moment - works in Microsoft Edge, or from Chrome with a Blogger account - sorry! CJ 3/21/20

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