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Surge in May Jobless Rate Underscores Weak Economy.
- Article from:
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Kiplinger Business Forecasts
- Article date:
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June 6, 2008
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jerome Idaszak
A big jump in the jobless rate in May to 5.5% confirms a weak economy. The rate is the highest since October 2004, leaping from 5% the previous month and suggests sluggish economic growth -- at best -- the next several months.
The economy also continues to shed jobs at a steady clip. The Labor Department today reported that payrolls shrank in May by a net 49,000 jobs, the fifth straight month of declines. So far this year, net job losses total 324,000.
Most economists were caught off guard. They were expecting a loss of about 60,000 jobs and for the unemployment rate to creep up to 5.1%. One factor boosting the jobless rate was a surge of ...
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State's jobless rate up slightly.
Montgomery Advertiser (Montgomery, AL);
January 22, 2005 ;
499 words
......percent, a 0.2 percent increase. Despite the uptick, the jobless rate remained well below the 5.8-percent rate registered in...Between December 2003 and last month, the state posted a net job gain of 21,100, according to preliminary estimates. The...but Dyer said Alabama remains on track to post ...
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Fed: Sydney jobless rate half the rate of Hobart s
AAP General News (Australia);
June 15, 2000 ;
300 words
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Michigan's Jobless Rate Rose in May after Dropping in April.
Knight Ridder/Tribune Business News;
June 7, 2003 ;
670 words
......1994 was the last time the jobless rate was at 6.1 percent. It was...month. For April, the state's jobless rate was 6.6 percent, down 0.1...economy is still losing a net number of jobs, although...the economy to turn into net job creation? One factor in May...economists hope, ...
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Michigan jobless rate moves lower.
Detroit Free Press (Detroit, MI);
March 7, 2007 ;
161 words
......drifted lower in January but remained well above the national jobless rate. The January rate of 6.9% was down from December's revised...manufacturing sector have hampered the ability of the state to show net job gains, said Rick Waclawek, director of the state's Bureau...
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Fed: Melbourne outskirts nation s highest jobless rate
AAP General News (Australia);
February 17, 2000 ;
364 words
......Melbourne outskirts nation s highest jobless rate By Stephen Spencer, Economics Correspondent...north-western suburbs had Australia's highest jobless rate last month, increasing the pressure...the Braybrook clothing factory. The jobless rate in north-western Melbourne was 12.6...
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Local jobless rate drops to 3.6%
Lancaster New Era Lancaster, PA;
January 31, 2006 ;
190 words
...Lancaster Countys jobless rate continued its up-and-down performance in December...Novembers 4.0 percent. That drop brought the jobless rate down to its October level. The local jobless rate has bounced between 3.4 percent and 4.0 percent...
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State jobless rate falls to 3.2% in mid-August Mid-month employment boom...
The Milwaukee Journal Sentinel;
September 30, 1998 ;
GEETA SHARMA-JENSEN;
538 words
...Wisconsin's jobless rate fell for the first time in four months...fifth month in a row that the state's jobless rate set or matched record lows for the...Cibarich noted that the average jobless rate for the first eight months of the...
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France's jobless rate up 0.7 percent in January
Xinhua News Agency;
February 28, 2006 ;
155 words
...France's jobless rate up 0.7 percent in January PARIS, Feb. 28 (Xinhua) -- The jobless rate in France climbed by 0.7 percent to 9.6 percent...active population are jobseekers while the jobless rate stood at 8.7 percent for people aged 25 to...
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County jobless rate drops to 3.6 percent
Lancaster New Era Lancaster, PA;
September 27, 2005 ;
TIM MEKEEL;
270 words
......straight, but small, monthly increases, the jobless rate in Lancaster County fell to 3.6 percent...dropping from July's 3.9 percent level, the jobless rate here tied the rates of Lebanon and State...percent respectively. Helping to pull the jobless rate down here was the number of ...
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Fed: Jobless rate down to 6pc for 3rd time in 13 years
AAP General News (Australia);
March 13, 2003 ;
500 words
...00-00-0000 Fed: Jobless rate down to 6pc for 3rd time in 13 years...Correspondent CANBERRA, March 13 AAP - The jobless rate has dipped to six per cent for only...economy, he said. Mr Costello said the jobless rate would dip below six per cent if...
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Jobless rate up here
Lancaster New Era Lancaster, PA;
June 28, 2005 ;
150 words
...Lancaster Countys jobless rate bounced up slightly in May but remained...state reported today. The local jobless rate increased to 3.6 percent from Aprils...Pennsylvania, only Lebanon had a lower jobless rate, at 3.2 percent. The metro area...
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Fed: 4 pct jobless rate in Cameron s seat compared with bush
AAP General News (Australia);
March 16, 2000 ;
341 words
......News (Australia) 03-16-2000 Fed: 4 pct jobless rate in Cameron s seat compared with bush...rates in Australia. The four per cent jobless rate in the area surrounding his seat of...western NSW statistical region has a jobless rate of 6.9 per cent. The national rate...
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Japan's Jobless Rate Returns to Record High
Xinhua English Newswire;
May 31, 1996 ;
207 words
...Japan's jobless rate reversed a falling trend in February...showed today. The seasonally adjusted jobless rate, which had been at the record 3.4...attributed the rise in April's overall jobless rate to a sharp increase in the number...
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REGION'S JOBLESS RATE INCREASES; THE LAST TIME THE REGION'S ADJUSTED...
The News & Record (Piedmont Triad, NC);
July 27, 2002 ;
Martin, Stephen;
402 words
......STEPHEN MARTIN Staff Writer The Triad's jobless rate climbed to its highest level in nearly...6.7 percent - equal to the statewide jobless rate for June - from 6.4 percent in May...a seasonal adjustment, however, the jobless rate still went up, Jud said. According to...
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Data: eurozone jobless rate reaches two-year high
Xinhua News Agency;
August 6, 2002 ;
236 words
...Data: eurozone jobless rate reaches two-year high BRUSSELS, Aug. 6 (Xinhua) -- Jobless rate in the euro zone rose to a two-year high...the European Union's statistics office. The jobless rate was last higher in April 2000, when it hit...
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