June 11, 2002 (The Editor’s Desk is updated each business day.)
Unemployment rate at 5.8 percent in May
The number of unemployed persons (8.4 million) and the unemployment rate (5.8 percent) were little changed over the month. The May unemployment rate is 1.9 percentage points above its most recent low of 3.9 percent in October 2000, and the number of unemployed persons is 2.8 million higher.
[Chart data—TXT]
The number of long-term unemployed persons—those unemployed 27 weeks or longer—rose by 142,000 in May, following increases of similar size in March and April. This measure has increased by about 1 million persons over the past 12 months.
These data are a product of the Current
Population Survey. The above figures are seasonally adjusted. Find out
more in "The Employment
Situation: May 2002," news release USDL 02-332.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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Read more »
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