October 3, 2008

Wall Street Fallout Effects Show in September Labor Report

Although the employment rate was unchanged from August in this month’s labor report, the effects of the Wall Street crisis were evident. According to the Bureau of Labor Statistics, employment in financial activities fell by 17,000 jobs, with nearly half of the decline occurring in securities and investment firms. In total since its peak in December 2006, the financial activities industry has lost 172,000 jobs.

The professional and business services sectors also continued to trend down over the month with 27,000 additional losses.

While many having been awaiting Wall Street’s next move, some good news has emerged in the form of a dot-com revival. September’s figures reveal computer systems design services and management, and technical consulting services each added 9,000 jobs.

Here at All Star Resume, we have a unique perspective on the job market and can help you navigate through these rough financial waters in whatever industry you decide to pursue. Give us a call today at 888.55.EDITS so we can help you create a stellar resume.

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