- In 2008, those in the United States lost a total of 2.59 millions jobs, the largest such loss since 1945. Complex circumstances cause job losses. To simplify, with a good economy, job creation occurs. When times get tough, job loss occurs.
- At the turn of the century, industrialization caused a boom in manufacturing jobs. Since that time the job market has gone up and down with the economy. Job growth grew to large numbers in the 1960s through the late 1970s. The most recent job growth was seen through the 1990s and up until 2005.
- In 1945, the U.S. economy lost 2.75 million jobs. These jobs, mostly in manufacturing, dwindled due to the slowing of wartime production. From that low point, manufacturing jobs grew as materials to rebuild Europe were being produced. Job growth stablized until the mid-1970s when foreign goods and services brought about competition.
- In the 1980s the job market maintained jobs with minimal gains and losses. In 1982, 2.13 million jobs were lost, which was not typical during this time period. The 1982 job loss spike represents a loss in manufacturing jobs that transitioned into jobs in the service industries through the 1980s and into the 1990s. Through the year 2000, new jobs were created in service-oriented fields.
- The turn of the century saw stable job growth until sometime in 2005 when the most recent economic downturn began. The collapse of large insurance companies and Wall Street excessive risk caused economic losses that effected jobs in both the public and private sector. Job losses were a consistent trend through the end of 2009. Stimulus money being pumped into the economy by the federal government shows signs of lowering the unemployment rate and creating new jobs into 2010 and 2011.
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