Today, I received an e-mail from the Bureau of Labor Statistics, updating me on the current employment situation in the U.S. I like to analyze data and statistics, even when it doesn't directly affect me, and try to determine what these figures mean.
It intrigues me that of all the types of work, the category entitled "Management, professional, and related occupations" had the lowest unemployment rate at 3.3%, with the subcategory of "Professional and related occupations" being 2.9%. The other subcategory, "Management, business, and financial operations occupations," was slightly more at 3.9%.
Why does this interest me?
Because it means that the majority of people in the industries that helped bring about this economic downturn are the ones that are being hurt least by it. Meanwhile, other occupations range from a high of 18.3% in "Farming, fishing, and forestry occupations" to 6% in "Installation, maintenance, and repair occupations." Government workers were the only category that had a lower unemployment rate at 2.3%. That figures. The U.S. government is going to become an even more important employer, if the doom and gloom economists are predicting is gets to be as bad as they say it will.
(Originally published at The Creating Wealth Blog on 1/9/09)
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