Copying and distributing are prohibited without permission of the publisher

(AMM) Metals sector sheds jobs again in June

July 02, 2009 - 20:45 GMT Location: CHICAGO

Primary and fabricated metal companies continued to shed workers in June as nonfarm payroll employment fell by 467,000, the Bureau of Labor Statistics (BLS) reported. The nation?s unemployment rate was little changed at 9.5 percent.

In June, 361,300 people were employed in the primary metal industry, down 1.8 percent (6,600 jobs) from May and 19 percent (85,300 jobs) from June last year.

Employment in the fabricated metals product sector totaled 1,305,400 in June, down...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

    Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.

  • COMMENT: Glenstrata still has to break the mould

    The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

  • APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

    Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.

Upcoming Events