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Article: Employment and unemployment developments, May 2002.(Statistical Data Included)(Brief Article)
- Article from:
- Employment and Earnings
- Article date:
- June 1, 2002
CopyrightCOPYRIGHT 2002 U.S. Department of Labor. 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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Both payroll employment and the unemployment rate were little changed in May. Employment rose in the services industry and edged down in manufacturing. Most other major industries showed no significant change.
Unemployment
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.
In May, the unemployment rates for blacks (10.2 percent) and Hispanics (7.0 percent) declined. The rates for the other major worker ...