Article: Employment and unemployment developments, August 2001.(Statistical Data Included)

Employment fell and the unemployment rate rose sharply to 4.9 percent in August. Nonfarm payroll employment declined by 113,000, due primarily to another large drop in manufacturing and a decline in transportation and public utilities. Most other major industries showed little or no change in employment over the month.

Unemployment

The number of unemployed persons increased by more than half a million to nearly 7 million in August. The unemployment rate rose by 0.4 percentage point to 4.9 percent, seasonally adjusted, the highest level since September 1997. The jobless rate had been about 4.5 percent since April; its most recent low was 3.9 percent in ...

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