October Sees Sixteen Hundred US Agency Job Losses

10 December 2002

American ad agencies shed no fewer than 1,600 jobs in October, according to the US Bureau of Labor Statistics.

The monthly decline – the highest this year, reports the bureau – saw agency employment levels sag 0.9% from September to 179,000. This is the lowest level in nearly three years (since January 1999).

Year-on-year, October’s staffing decline eased slightly to minus 4.7% - but this apparent improvement must be viewed against the depressed post 9/11 jobs environment in October 2001.

Since employment peaked during the tech-fuelled goldrush of August 2000, US agencies have cut staff by 11.3%.

Data sourced from: AdAge.com; additional content by WARC staff