Thursday, November 6, 2008

Print journalism jobs decline

The print side of the publishing industry experienced 32,000 job cuts from third quarter 2007 to third quarter 2008 in the categories of "newspaper publishing" and "publishing, except newspaper and software," according to the most recent data from the U.S. Bureau of Labor Statistics.

The shift down to 681,000 individuals still employed in this industry amounts to a 6.3 percent job loss rate, which outpaces the widely publicized current national unemployment rate of 6.1 percent.  The total number of unemployed persons in "newspaper publishing" has increased by 50 percent from 14,000 unemployed to 21,000. For everything else under "publishing, except newspaper and software," the job losses increased by just more than 22 percent to 11,000 people put out of work.   — Sheree R. Curry, MoolahMaven.com

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