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June 13, 2008February 3, 2015Lexington Institute

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Postal TrendWatch — Q2 2008

June 13, 2008February 3, 2015Lexington Institute

Although volume in all categories of mail declined in Q2 of FY 2008 (when compared to Q2 2007), USPS revenues continued to climb. Nonetheless, the agency posted a $707 million loss in the three months ending March 31. In a noteworthy change from the previous two quarters, over half of Q2’s revenue came from First Class Mail.

One consequence of recent quarterly losses has been a renewed effort to cut labor costs. The Postal Service has gradually thinned its workforce, particularly since 2002. This quarter, work-hours fell 2.2 percent, and postal employment dropped 2 percent. USPS now employs fewer workers than at any time since 1987.

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