On Tuesday, the Bureau of Labor Statistics announced that the number of jobs lost by miners in the US has dropped to its lowest level in six years.
The Bureau reported that employment was down 2.1 million, or about 6% of the workforce, and it noted that this was in line with a forecast from the U.S. Bureau of Economic Analysis that mining could lose an additional 1.1% of jobs in 2019.
The BLS said that the biggest drop in employment occurred in the energy sector, where the number dropped by 1.6 million jobs.
The number of coal miners also dropped by 0.7 million, but the total was down only 0.1%.
On Wednesday, the UBS-Merrill Lynch Research Institute noted that mining employment is “at a 30-year low, with miners now shedding just under one-third of their employment” during the downturn.
The company said that as a result, the labor market is in “full employment.”
In other words, the number jobs is dropping because the number that is being lost is still not as high as the number the company believes is being created.
BLS Chief Economist Steve Shaver said that he thinks the downturn in mining is the result of a number of factors.
The downturn in the mining industry is a result of the fact that the labor force participation rate has declined.
The drop in the labor participation rate is a reflection of the slowing economy, which has resulted in a lower wage growth and higher unemployment.
Shaver pointed to the recent downturn in manufacturing as a possible reason for the drop in jobs.
“I think there is a combination of factors, including the downturn that we are experiencing,” Shaver told CNBC.
However, Shaver also pointed out that the U-M study shows that the economy has not recovered from the previous downturn.
“[T]he job market has been strong, so we don’t see the same type of job losses we had a few years ago, so the question is: is this a new normal?
Or is this normal for the economy?”
In other words: Is it normal for us to lose our jobs to the mining companies?
The Bureau of Statistics said that it expects the number to grow by 1% in 2019, which means that the unemployment rate could rise again in 2019 and 2020, which would result in a larger number of people losing their jobs.
However, Shiver said that there are many other factors that have contributed to the decline in jobs, including increased unemployment and lower levels of education.
There is also evidence that the downturn has been a catalyst for a surge in domestic demand, which could help boost the economy and lower the unemployment rates.
The jobs loss was also likely to have an impact on the wages of the people who have lost their jobs, since they will be more likely to take on additional debt to support themselves and their families.
In order to keep their homes and businesses afloat, many of these people are now relying on social services to provide for their needs.
The unemployed and the underpaid will need to take more on to provide their families with the basic necessities that they need, while the unemployed and underpaid are likely to find themselves more likely than the wealthy to become debtors.
For more on the mining bust, check out Recode’s special report, The End of the American Dream: What We Know Now, and The Rise of the Working Poor: How America Went From the Great Depression to the Great Recession.