April 2005
U.S. Industry Quarterly Review: Labor;2005 2nd Quarter, p195
Industry Profile
Industry Overview
The article highlights the trends in the U.S. labor market in the first quarter of 2005. There were job creations and job losses in various industries. The non-farm, private sector has added 78,000 jobs in May while the service sector added 64,000 jobs. The construction sector also added 20,000 jobs while manufacturing lost 7,000 jobs. Likewise, the education and health services sector added 40,000 jobs and the professional and business services sector lost 1,000 jobs. Wage gains and labor costs remained despite an accelerating economy.


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