Employment insurance subscribers 6 consecutive months 20increased by over ten thousand; manufacturing and construction declined
The number of employment insurance subscribers 6 consecutive months 20posted increases in the tens of thousands. The rise in service-sector workers was the backdrop, while manufacturing and construction saw subscriber declines for 13 and 35 consecutive months, respectively.
The number of employment insurance subscribers 6 consecutive months 20posted increases in the tens of thousands, extending the employment recovery led by the service sector. This trend shows that the service sector's share in the job market has grown.
As the number of service-sector workers increased, they drove the overall rise in subscribers. In particular, the increase in face-to-face and retail-related jobs was reflected in the statistics.
A slowdown in the growth of wholesale and retail trade was confirmed. The statistics showed that some of this was affected by Homeplus.
Manufacturing subscribers have declined for 13straight months, and construction subscribers have declined for 35straight months. The weakness in employment in manufacturing and construction continues.
The report states that over a period of 6consecutive months, the pace of increase was in the late-20thousand range. It is notable that the increase is concentrated in the service sector.
This statistic is based on employment insurance data released on 13. The release clearly shows trends by industry.
In short, subscriber growth centered on the service sector is holding up, while subscriber declines in manufacturing and construction continue over the long term.