—15,000 Jobs Lost “Chemical payroll losses mirror those in U.S. economy” THE SPREADING credit crisis forced job cuts in just about all sectors of the U.S. economy in 2008, and the chemical industry was no exception. The U.S. chemical industry lost 15,000 jobs in 2008, down 1.7% from the end of 2007. That decline, to 847,000 jobs, was almost as bad as the 1.9% decline in jobs for the overall economy, which shed 2.6 million workers. Economists expect the situation to get worse in 2009. Job prospects in the chemical industry are "pretty lousy," says Frederick M. Peterson, president of consulting firm Probe Economics.
by Marc S. Reisch |
January 19, 2009