Article: Employment and unemployment developments, May 2002.(Statistical Data Included)(Brief Article)

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 ...

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