Employers Cut 62,000 Jobs in June 2008

On par with economists' forecasts, U.S. employers cut 62,000 jobs in June. This marks the sixth straight month that has seen losses nationwide. According to the latest statistics released by the Labor Department, and this AP article, the unemployment rate remained at 5.5 percent.

The results aren't surprising, but when you look at the absolute numbers - 438,000 jobs lost in 2008, or an average of 73,000/month - they're still pretty massive. From another perspective, there are now 8.5 million unemployed people in the United States, up from last year's figure of 7 million.

As for the hardest hit industries, they were construction, manufacturing, financial services and retailing.

Read the full article.
Erik Samdahl

As vice president of marketing at i4cp, Erik is currently responsible for all marketing efforts for the company and works alongside several departments to execute organizational initiatives. He also oversees web development projects. Located in Seattle, WA, he brings over 15 years of Internet marketing experience, most of which are in the research industry.

Prior to i4cp, Erik worked as Internet Marketing Director at market research panel company GMI, where he was responsible for global online marketing and panel growth in several countries. He also managed the graphic design team and worked extensively with other departments on process improvements and plan development. GMI experienced exceptional revenue growth - several hundred percent - during his tenure. Prior to GMI, Erik founded FilmJabber.com, a movie review and information website that continues to grow in popularity and traffic.

Erik received a B.A. in Business Administration with a concentration in Management Information Systems from Western Washington University.