Non-farm payroll employment increased by slightly more than 1 million in 2007. This is according to a report released by the U.S. Department of Labor's Bureau of Labor Statistics.
Employment trends varied by industry. Deceleration in the housing market and problems with subprime mortgages had a negative effect on employment in construction and other housing-related industries.
Manufacturing continued its long-term contraction, while health care, professional and technical services, food services and drinking places, and local government continued to expand.
Employer services, which had hit a high point in August 2006, lost jobs throughout most of 2007.
This data on employment is from the Current Employment Statistics (CES) program and has been seasonally adjusted. For more information, see “Payroll employment in 2007: job growth slows,” by Robyn J. Richards, Monthly Labor Review, March 2008.
