IHS Chemical Week

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Update: U.S. Industry’s Unemployment Rate Rises, But Remains Below Manufacturing Sector Trend

12:27 AM MDT | April 15, 2009 | Esther D'Amico

The chemical industry has lost 32,700 jobs, or about 3.8% of its workforce, since the start of the recession in December 2007, says Kevin Swift, senior economist at ACC. However, the industry’s jobless rate is not as steep as that of the overall manufacturing sector, which dropped 10.6% during that time, says Swift, citing Bureau of Labor Statistics (Washington) data. Most firms cut jobs through massive layoffs, though reported statistics include any type of payroll cut, including retirements. Chemical companies cut their payrolls by 11,300 jobs in...

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