…And in other fun news, the U.S. economy actually lost 4,000 jobs in August 2007.  Typically, the economy will create some tens of thousands of jobs per month (68,000 in July, 69,000 in June, etc.)  But even those job gains have been revised downward, too, according to the Center for Economic and Policy Research’s latest analysis of government data. 

U.S. Bureau of Labor Standards data shows that trouble in the housing market is creeping outward to the rest of the economy.  Manufacturing and construction have both been particularly hard hit.

Manufacturing lost 46,000 jobs in August, a far greater number than in recent months.  In the past year alone, manufacturing has lost 215,000 jobs.

Each one of these lost jobs means a family whose budget will now be extremely tight, and whose health insurance may hang by a thread.

There is a ripple effect to job losses.  Lost wages mean lost purchasing power.  The loss of someone’s manufacturing job can affect your job.

AAM believes that American manufacturing must be strengthened now, while there’s still a manufacturing base to protect.  Enforcement of U.S. trade law is a sensible policy.

This entry was posted on Friday, September 7th, 2007 at 7:35 pm and is filed under Manufacturing in the U.S., Enforcing Trade Laws. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.