A Tale Of Two Job Markets

The services industry boom offsets a slump in manufacturing

These are unhappy times for miners, farmers, and factory workers, who are lining up for jobless benefits as the Asian crisis hammers commodity prices and demand for U.S. exports. And more bad news is coming: Boeing plans to ax 48,000 jobs, the Exxon-Mobil merger will eliminate 9,000 positions, and Johnson & Johnson is handing out 4,100 pink slips. Yet jobs go begging at restaurants, retail outlets, and computer service companies.

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